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%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.