[Rongbai Technology Signs Power Battery Material R&D Agreement with LGES]

Rongbai Technology announced that it has signed a joint research and development agreement with international giant LG Energy Solution (LGES) to cooperate in areas such as lithium iron phosphate and other battery materials. This cooperation will cover multiple aspects from technology development, production manufacturing to product sales, and is expected to strengthen the leading position in the global power and energy storage market. According to the agreement, the two parties will have close communication and regular discussions to meet evolving market demand dynamics and form a long-term cooperative relationship. The results of the cooperation are planned for large-scale global sales to enhance Rongbai Technology's international market influence. In addition, the company has achieved mass shipments and is promoting the industrialization process of the lithium iron phosphate project and high-voltage products. Both parties also plan to expand cooperation in other cutting-edge material areas.