TMTPOST - Lopal Tech’s shares hit their daily trading limit after the leading Chinese battery materials supplier announced it had received an order worth about 6 billion yuan (USD840 million) from an overseas factory of Contemporary Amperex Technology (CATL). Lopal surged 10 percent to 17.07 yuan (USD2.49) per share as of 2 p.m. in Shanghai today. The company said its Indonesia plant will supply 157,500 tons of lithium-iron phosphate cathode materials to CATL from the end of next June through 2031. As one of the world’s top three suppliers in the sector, Nanjing-based Lopal estimates the order will generate about 6 billion yuan in revenue based on current market prices.