Dynanonic and CATL signs cooperation agreement

On the evening of May 12, Dynanonic announced that the company signed a cooperation agreement with CATL on May 11 on co-investing into Qujing Lintie Technology.Asian Metal Copyright .Asian Metal Copyright When the co-investing is done, Qujing Lintie Technology will be restructured from Dynanonic's fully owned subsidiary with a registration of RMB50 million into a joint venture with a total RMB100 million registration capital, of which RMB60 million, equal to a 60% stake, comes from Dynanonic and RMB40 million, equal to a 40% stake, from CATL.Asian Metal Copyright .Asian Metal Copyright Qujing Lintie Technology has an initial designed production capacity of 10,000tpa of LFP.Asian Metal CopyrightOn the evening of May 12, Dynanonic announced that the company signed a cooperation agreement with CATL on May 11 on co-investing into Qujing Lintie Technology.Asian Metal Copyright Pursuant to the agreement, CATL will purchase LFP from the Qujing company and pay no more than RMB132 million as prepayment in line with actual procurement volumes.

.Asian Metal Copyright When the co-investing is done, Qujing Lintie Technology will be restructured from Dynanonic's fully owned subsidiary with a registration of RMB50 million into a joint venture with a total RMB100 million registration capital, of which RMB60 million, equal to a 60% stake, comes from Dynanonic and RMB40 million, equal to a 40% stake, from CATLAsian Metal Copyright