Jiawei Renewable Energy's lithium battery supply contract expire
2020-02-14 18:34:39 [Print]
Jiawei Renewable Energy recently announced that in June 2018 its subsidiary company Jiawei Long Power Solid State Energy Storage Technology (Rugao) Co., Ltd. signed an electric auto battery supply contract with Wuxi Zhongying Industry and Trade Co., Ltd., according to which Wuxi Zhongying Industry and Trade will purchase from Jiawei Long Power 200,000 lithium battery units for electric autos; and in reality Wuxi Zhongying Industry and Trade placed orders totaling 1,200 battery units, with 300 units delivered.
Jiawei Renewable Energy stated that the reasons why the contract was not fully implemented as expected included adjustments in government policies and Wuxi Zhongying Industry and Trade's products failing to pass government compulsory 3C certification and therefore unable to be delivered to end users. Jiawei Renewable Energy emphasized that the contract expired now and cooperation between the two companies terminated accordingly, and both sides will bear no liability of contract breach.
Jiawei Renewable Energy stated that the reasons why the contract was not fully implemented as expected included adjustments in government policies and Wuxi Zhongying Industry and Trade's products failing to pass government compulsory 3C certification and therefore unable to be delivered to end users. Jiawei Renewable Energy emphasized that the contract expired now and cooperation between the two companies terminated accordingly, and both sides will bear no liability of contract breach.
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