On September 19, Hongchang Electronics announced that its subsidiary Zhuhai Hongchang and Shenzhen BYD Supply Chain Management Co., Ltd. signed the “General Rules for the Procurement of Production Materials for Auto Parts”.
Zhuhai Hongchang Electronic Materials Co., Ltd., a wholly-owned subsidiary of Hongchang Electronic Materials Co., Ltd., and Shenzhen BYD Supply Chain Management Co., Ltd., a wholly-owned subsidiary of BYD Co., Ltd., recently signed the “Automotive Parts Production Materials” regarding cooperation matters between the two parties. Procurement General Principles.
BYD Supply Chain Company will purchase epoxy resin from Zhuhai Hongchang. The specific purchase model, purchase quantity, purchase price, etc. shall be subject to the purchase contract/order separately signed by both parties.
The signing of the general rules is BYD Supply Chain Company’s further recognition of Zhuhai Hongchang’s products and services. The two parties will establish a long-term and stable cooperative relationship to promote Zhuhai Hongchang to continuously improve its technical level and ensure cost-effectiveness.
Control, product quality, technological innovation, etc., enhance the company’s market competitiveness in the new energy field, and promote the company’s future operating performance growth and continued improvement in profitability.
