Top shares Today - (NASDAQ:XIDE) Shares Surge on new supply agreement

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Exide Technologies (NASDAQ:XIDE) shares moved up 0.50% to $8.90 after it announced another new supply agreement with Toyota Motor Engineering & Manufacturing North America (TEMA). The Company has begun shipping lead-acid starting batteries for the Toyota Highlander, a midsize crossover sport utility vehicle. Production of the Highlander, Toyota's twelfth North American-built model, began in October at the company's facility in Princeton, Indiana. According to the terms of the supply agreement, Exide is providing TEMA up to 105,000 units of group size 24 starting batteries annually for the U.S.-produced passenger vehicles. The batteries are manufactured at Exide's Bristol, Tennessee facility and shipped directly to the Toyota manufacturing facility in Indiana.

Exide Technologies (Exide) is a provider of stored electrical energy solutions. The Company is also a manufacturer and suppliers of lead acid batteries for transportation and industrial applications. Exide has four business segments: Transportation America, Transportation Europe and ROW, Industrial Energy Americas, and Industrial Energy Europe and ROW. Exide's transportation batteries include ignition and lighting batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine and other applications. The Industrial Energy segments supply both motive power and network power applications.

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