(Yicai Global) Jan. 25 -- Selen Science  & Technology has secured a CNY220 million (USD32.4 million) contract  to supply battery packaging materials to a Chinese subsidiary of US new  energy vehicle power unit maker Farasis Energy.

Selen penned an agreement with Farasis  Energy's Jiangxi province-based unit regarding the latter's plan to buy  eight million square meters of aluminum plastic film this year, the  Shenzhen-based packaging material firm said in a statement. The deal  will make up no more than 5 percent of the seller's revenue this year,  the statement added. 

Selen is an exclusive or major supplier  of aluminum plastic film for many well-known Chinese battery-makers, and  occupied over 70 percent of the related market last year, according to  the statement. 

Selen's stock [SHE: 002341] closed at CNY11.2 (USD1.7) yesterday, up 6.9 percent.

Editor: Emmi Laine