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SYNergy ScienTech, C-LiFe Technologies Tie Up for Cell Contract Manufacturing

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SYNergy ScienTech (TPE:6558) signed a letter of intent with C-LiFe Technologies to establish a long-term battery cell contract manufacturing partnership under a toll manufacturing model, according to a Monday Taiwan Exchange filing.

Under the deal, SYNergy will fund equipment and materials, while C-LiFe Technologies will provide production facilities, utilities and IT systems, and handle manufacturing operations.

The cooperation aims to build production bases outside China, expand new product development and markets, and secure a stable supply chain, the filing said.

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