(Yicai Global) April 22 -- China's BAK Battery has agreed a deal to buy 120 million square-meters of lithium battery separator from Senior Technology Material this year.
The Shenzhen-based pair inked a procurement framework agreement based on their intention to work together in the long-term, Senior Technology said in a statement on April 19.
The two parties will pen a specific order deal with determined quantity and price after Senior Technology provides trial lithium battery diaphragm products based on BAK's technical requirements.
Besides BAK, Senior Technology also provides its products to firms including Japan's Murata Manufacturing. The two penned an agreement last July for the supply of around 250 million square-meters of separators over five years.
Senior Technology's key domestic clients include lithium battery manufacturers Farasis Energy and Guoxuan High-Tech Power Energy.
Editor: William Clegg