# 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.

- Type: Contract
- Announced: 2023-12-05
- Value: $356.0M (2.55B CNY)
- Status: announced
- Products: thermal runaway insulation parts for new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhejiang Rongtai](https://endata.com/companies/74199.md)
- [Zhejiang Rongtai](https://endata.com/companies/74199.md) (supplier)

## Sources

- [stcn.com](https://www.stcn.com/article/detail/1056068.html), 2023-12-05: "选择公司作为其新能源汽车热失控防护绝缘件的供应商。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1035900.html), 2023-12-10: "The company has recently received a designation notice from an overseas new energy vehicle customer, selecting the company as a supplier of thermal runaway protection insulation parts for new energy vehicles."

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