iconAug 13, 2024 08:54
Source:SMM
[Fulin Precision Machinery Announces That Its Subsidiary Has Signed a Business Cooperation Agreement with CATL] Fulin Precision Machinery announced that its controlling subsidiary Jiangxi Shenghua has recently signed a Business Cooperation Agreement with CATL. According to the agreement, based on strategic cooperation planning and future market demand, both parties have decided to establish a long-term cooperation mechanism in the verification and production of lithium iron phosphate (LFP) materials for lithium batteries to jointly expand the new energy market. CATL will pay advance payments to Jiangxi Shenghua to support the construction of its Jiangxi base and has committed to purchasing at least 140,000 tons of LFP materials from Jiangxi Shenghua annually from 2025 to 2027.

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