(Yicai Global) Oct. 13 -- Chinese battery maker Sunwoda Electronic’s share price reached an all-time high today on the news that its auto battery unit has become a certified supplier of new energy vehicle battery packs to Swedish carmaker Volvo.

The Shenzhen-based firm’s stock price [SHE:300207] closed up 3.06 percent at CNY31.32 (USD4.65) per share, after hitting a record high of CNY32.16 apiece this morning.

Sunwoda Electric Vehicle Battery has passed Volvo’s appraisal and has been certified to supply the Gothenburg-based carmaker with electric vehicle battery pack solutions, the parent firm said yesterday. No further details were given as to the scale of the co-operation and the amounts involved.

Editor: Kim Taylor