Inlif Completes Delivery of $4.4 Million First Battery Cell Packing Machine Order

MT Newswires Live

06/10

Inlif (INLF) said Wednesday it has completed the commercial delivery confirmation for its first order of battery cell packing machines under a contract valued at nearly 30 million Chinese renminbi ($4.4 million).

The initial order consists of 14 battery cell packing units for an unnamed domestic new energy battery manufacturer, Inlif said.

Following the completion of the delivery, the customer placed an additional order for six battery cell packing machines of different models, Inlif said.

Shares of Inlif were down more than 4% in early Wednesday trading.

Price: 4.40, Change: -0.21, Percent Change: -4.56

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