Invinity Energy Systems PLC (AIM:IES, OTCQX:IESVF, AQSE:IES) shares started the week strongly, after the firm announced a deal with a Chinese battery manufacturer.
The company, in a statement, said it has signed a memorandum of understanding with Xiamen C&D Corporation to develop battery manufacturing facilities in Xiamen, China.
The agreement was signed at the UK Government Pavilion, during the China International Fair for Investment and Trade.
It is expected to assist in the scaling of production and can support working capital as well as access to its global supply chain.
"We are signalling our intention to continue to seek and leverage partners and their relationships to further Invinity's interests globally," chief executive Jonathan Marren said.
"This MoU, formalises our objective to further strengthen and expand our network of valued partners in Hong Kong and China across numerous areas.
"We look forward to further progressing our plans to scale up our manufacturing and supply chain operations in the region to meet growing global demand for our products."
In London, Invinity shares climbed 7.7% changing hands at 21p, valuing the business at just over £90 million.