Nuode New Materials' Unit to Supply Copper Foil Products to Exide Energy Solutions; Shares Up 4%
Nuode New Materials' (SHA:600110) unit, Shenzhen Baijiada New Energy Materials, received an order to supply copper foil products to India's battery manufacturer, Exide Energy Solutions, according to a Wednesday disclosure on the Shanghai Stock Exchange.
The transaction amount is expected to bring up to 200 million yuan to the Chinese copper materials manufacturer in 2025.
The actual amount of the supply is yet to be finalized.
Shares of the company jumped less than 4% in recent trade.
Price (RMB): ¥2.72, Change: ¥+0.10, Percent Change: +3.82%
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