(Yicai Global) March 13 -- Shares of Raytron Technology rose after the Chinese developer and supplier of infrared imaging technology and products said it has signed a deal to supply BYD with far-infrared modules for the automaker’s smart electric vehicles.

Raytron [SHA: 688002] closed 2.8 percent higher at CNY45.95 (USD6.67) a share today, after earlier gaining by as much as 4.1 percent. The Shanghai Composite Index rose 1.2 percent.

The amount and value of the far-infrared modules sold to BYD have yet to be decided, Yantai-based Raytron said in a statement late yesterday.

Raytron’s vehicle-mounted infrared products are used in autonomous driving products at all levels, the firm said. It has previously agreed to work with other self-driving technology firms such as Nasdaq-listed TuSimple Holdings.

Equipped with infrared thermal imaging chips, infrared driving assistance systems can provide a clear view ahead for drivers even in bad lighting conditions, helping them to drive safely.

Editor: Peter Thomas