Anhui Deli Household Glass (SHE:002571) terminated a long-term photovoltaic glass procurement deal with LONGi Green Energy Technology (SHA:601012) after a unit suspended production, according to a Shenzhen bourse filing on Wednesday.
The unit, Bengbu Deli Photovoltaic Materials, suspended production due to an imbalance in supply and demand and declining glass prices.
The deal was first signed in 2021 between Bengbu Deli and ten of LONGi's subsidiaries.