Hubei Xingfa Chemicals Subsidiary Signs Two-Year Processing Deal With BYD Unit

MT Newswires Live

12/05

Hubei Xingfa Chemicals (SHA:600141) subsidiary Xingshun New Materials signed a two-year processing agreement with BYD (HKG:1211, SHE:002594) unit Qinghai Fudi.

The deal involves producing 80,000 tons of lithium iron phosphate annually for the electric vehicle giant, according to a Friday filing with the Shanghai bourse.

The contract includes an option for a one-year automatic renewal.

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