(Yicai Global) June 15 -- Eve Energy’s stock rose after the leading Chinese battery manufacturer said it has received a large order for power storage batteries from US firm Powin.

Eve Energy [SHE: 300014] closed up 8.1 percent at CNY60.09 (USD8.39) a share in Shenzhen today.

Powin will buy 10 gigawatt-hours of power storage square lithium iron phosphate batteries from Eve Energy, the Huizhou-based firm said yesterday, citing a deal the pair inked the same day. The delivery time and other details will be decided later in a separate sales contract, it noted.

Oregon-based Powin provides cost-competitive energy storage solutions applied in the utility-scale, commercial, industrial, and microgrid fields. It has delivered more than 2,500 megawatt-hours of reliable energy storage systems to customers worldwide, according to the firm’s website.

Editor: Futura Costaglione