Zhejiang Rongtai wins EV thermal insulation parts contract worth up to 2.5 billion yuan

Zhejiang Rongtai (603119) announced it has received a nomination from an overseas new energy vehicle customer to supply thermal runaway insulation parts. The project covers 3 parts with a lifecycle of 5-8 years and total sales value of approximately 1.821-2.546 billion yuan. Production is expected to start in Q3 2024.

“选择公司作为其新能源汽车热失控防护绝缘件的供应商。”stcn.com

• 2 sources
• stcn.com浙江荣泰：获某海外新能源汽车客户定点项目 总销售金额约18亿-25亿Dec 5, 2023
• beta.zhitongcaijing.com浙江荣泰(603119.SH)获某海外新能源汽车客户定点项目 总销售金额约19.6亿元Dec 10, 2023

Summarized from public sources; check the original articles before acting on it.