# Lingyi Itech signs CNY 2.2B battery parts supply deal with German carmaker

Lingyi Itech's subsidiaries will supply battery covers, auxiliary components, and injection molding and stamping parts to an unnamed German carmaker's battery subsidiary. The deal runs from 2025 to 2029 and is valued at approximately CNY 2.2 billion.

- Type: Contract
- Announced: 2023-08-18
- Where: Suzhou, Jiangsu, China
- Value: $302.0M (2.20B CNY)
- Status: announced
- Products: battery covers, auxiliary components, injection molding parts, stamping parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Lingyi Itech](https://endata.com/companies/72116.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-lingyi-itech-inks-usd302-million-deal-to-supply-battery-parts-to-german-carmaker), 2023-08-18: "Lingyi Itech will provide battery parts such as top covers and shells to the battery making subsidiary of a German auto manufacturer in a deal estimated to be worth as much as CNY2.2 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.