(Yicai Global) March 27 -- Shares in Wuxi Autowell Technology surged today after the Chinese smart equipment manufacturer said it submitted the winning bid to supply solar giant Longi Green Energy Technology with the equipment needed to make photovoltaic wafers, cells and panels.

Wuxi Autowell’s share price [SHA:688516] closed up 6.1 percent at CNY181.30 (USD26.30).

Wuxi Autowell will provide Longi Green with CNY430 million (USD62.5 million) worth of equipment that will be used in the manufacturing of solar wafers, cells and panels, the Wuxi, eastern Jiangsu province-based firm said yesterday.

The order will not have a big impact on Wuxi Autowell’s performance this year, as it takes six to nine months for the machinery to be delivered and accepted, but there will be a positive influence next year.

Wuxi Autowell is particularly well known for its silicon wafer sorters, which classify wafers into various grades and are a core device used by solar wafer makers. The firm, set up in 2010, also makes the gear used to produce lithium batteries, chips and silicon rods.

Editor: Kim Taylor