Kedali announced on September 6th that the company had signed a "Material Purchase and Supply Contract" with a well-known European lithium battery manufacturer on September 4th, agreeing to supply the manufacturer with square lithium battery covers. The contract is valid for six years from the date of commercial production, and it is estimated that about 350 million sets of square lithium ion batteries will be purchased from Kedali during the validity period. Unless either party terminates the contract in writing, it will automatically be renewed for four years.
However, Kedali did not disclose who the lithium battery manufacturer is.
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