(Yicai Global) Aug. 19 -- Shares of Chinese cable maker Zhongli Group climbed after the firm said it has received its first photovoltaic module order from an affiliate of New Jersey-based solar power station developer Nautilus Solar Energy.

Zhongli's stock price [SHE: 002309] rose as much as 5.9 percent to CNY5.95 (92 US dollar cents) intraday.

Nautilus US Power Holdco will pay USD19.8 million for about 66 megawatts of PV modules, the Jiangsu province-based firm said in a statement yesterday.

The first deal between the pair should be beneficial in further promoting Zhongli’s PV module products in North America, the seller added. The products will be supplied by Zhongli's production base in Thailand and delivered between February and May 2022.

The cooperation will help Zhongli accumulate experience in distributed generation, enhance its branding, and seize a larger market share especially in rooftop PV power stations, it added.

Zhongli's main business involves wires and cables but its unit Talesun Solar specializes in the production of PV module products and solar power storage systems, according to its website.

Nautilus is developing and manages hundreds of distributed power generation stations and solar projects in the States and Canada.

Editor: Emmi Laine