(Yicai) Dec. 22 -- Chinese insulator supplier Zhejiang Rongtai Electric Material has received the second order from an overseas client this month.

An unnamed foreign battery maker will purchase insulators preventing battery packs’ thermal runaways from Rongtai for four years from 2025, the Jiaxing-based company announced yesterday. The order is expected to bring Rongtai a total revenue of USD110 million.

On Dec. 5, Rongtai said it bagged an order for insulators to be equipped on the new model of an overseas electric vehicle manufacturer. The order is expected to bring the firm total sales of up to USD358 million.

Rongtai’s high-temperature resistance insulators have been widely applied in battery cells and modules, battery packs, and EVs’ prevention and protection systems for thermal runaways. The company is a major insulator provider for EVs of Tesla, Volkswagen, BMW, and Volvo and boasts leading power battery manufacturers Contemporary Amperex Technology and SK On among Rongtai’s most well-known customers, according to its semiannual earnings report.

Rongtai’s shares [SHA: 603119] were trading unchanged at CNY24.72 (USD3.46) as of 1.35 p.m. in Shanghai today.

Editor: Futura Costaglione