Zhejiang Rongtai

Zhejiang Rongtai received a notice from an overseas power battery manufacturer to supply battery pack thermal runaway protection insulation parts. The project has a total sales value of about RMB 785 million over 4 years, with mass production expected in 2025.

Zhejiang Rongtai (603119.SH) received a fixed-point project from an overseas power battery manufacturer to supply battery pack thermal runaway insulation parts. The total sales amount over the 4-year lifecycle is approximately RMB 785 million, with mass production expected in 2025.

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.