(Yicai Global) July 22 -- China's Senior Technology Material, a supplier to South Korea's LG Electronics, will provide a car battery subsidiary of Sunwoda Electronic with a total length of 1 billion square meters of lithium-ion battery separators.
Senior Technology and Sunwoda Huizhou New Energy inked a framework agreement that lasts until 2023, the Shenzhen-based seller said in a statement. The pair will determine specific orders and pricing later.
The deal will promote Senior Technology's products in the domestic market as well as beyond, the statement added.
Founded in 2003, Senior Technology has three production sites in China. At the end of last year, its output capacity reached 330 million sqms.
Shenzhen's Sunwoda Electronic has expanded its battery product portfolio to new energy vehicles from its earlier offering of power units for consumer electronics.
Editor: Emmi Laine