(Yicai Global) Jan. 10 -- Shenzhen-based OptimumNano Energy Co., a wholly-owned unit of Shaanxi J&R Optimum Energy Co. [SHE:300116], recently inked a sales contract with Hubei Xinchufeng Automobile Co., the listed company said yesterday.

Hubei Xinchufeng Automobile will buy 8,408 battery packs worth CNY1.1 billion (USD170 million) from OptimumNano Energy, per the agreement.

The deal is expected to generate income of CNY1.1 billion for the latter and aid its main business development.

Shaanxi J&R Optimum Energy's main income from its power battery business was CNY5.3 million as of June 30, or 87 percent of its operating income.