Ningbo Founder: Signed a strategic cooperation and long-term supply agreement with BAK Battery_ Securities Times Network

Securities Times e Company News, Ningbo Founder (300998) announced on the evening of April 10 that the company and Shenzhen BAK Battery Co., Ltd. signed a strategic cooperation and long-term supply agreement on April 8. The two parties will carry out comprehensive and in-depth cooperation in the fields of strategy, market, business, technology, product development, and supply chain in the field of lithium battery precision structural parts, and reach a strategic partnership to jointly promote industrial development. BAK Battery expects to purchase about 30 million precision structural parts for power batteries from Ningbo Founder in 2022-2023; from 2023 to the end of 2025, BAK Battery will take Ningbo Founder as the first supplier of precision structural parts for lithium batteries, and will supply the company with the company. Ningbo Founder purchases lithium battery precision structural parts with an annual value of no less than 400 million yuan.