European Xingyuan, a subsidiary of Xingyuan Materials (300568.SZ), signed a fixed-point agreement with a power battery subsidiary of Volkswagen Group

According to Zhitong Finance App, Xingyuan Material (300568.SZ) announced that under the premise of mutual benefit and win-win situation, Senior Material (Europe) AB (hereinafter referred to as “European Star Source”), a wholly-owned subsidiary of the company, signed a “Fixed-Point Agreement” with a power battery subsidiary of the German Volkswagen manufacturer (hereinafter referred to as the “customer”), agreeing that Eurostar will supply customers with about 1,558 million square meters of wet coated lithium-ion battery separator materials from 2027 to 2034.