Lopal Tech's subsidiaries sign LFP cathode materials sales agreement
2025-05-12 11:38:53 [Print]
On May 9, Changzhou Liyuan New Energy Technology Co., Ltd. and Nanjing Liyuan Nanotechnology Co., Ltd., two subsidiaries of Jiangsu Lopal Tech Co., Ltd. (collectively referred to as the "Seller"), signed agreements with Wuhan Chuneng New Energy Co., Ltd., Xiaogan Chuneng New Energy Innovation Technology Co., Ltd., and Yichang Chuneng New Energy Innovation Technology Co., Ltd., which are all wholly-owned subsidiaries of Chuneng New Energy (collectively referred to as the "Buyer").
Under the agreement, the Seller is expected to supply the Buyer with a total of 150,000 tonnes of lithium iron phosphate (LFP) cathode materials from 2025 to 2029. The sales model includes two options: the Seller supplying lithium carbonate or the Buyer providing lithium carbonate. The unit price will be determined monthly based on the agreement terms. Based on the estimated quantity and market prices (excluding the Buyer-supplied lithium carbonate model), the total contract value is expected to exceed 5 billion yuan (692 million US dollars).
Under the agreement, the Seller is expected to supply the Buyer with a total of 150,000 tonnes of lithium iron phosphate (LFP) cathode materials from 2025 to 2029. The sales model includes two options: the Seller supplying lithium carbonate or the Buyer providing lithium carbonate. The unit price will be determined monthly based on the agreement terms. Based on the estimated quantity and market prices (excluding the Buyer-supplied lithium carbonate model), the total contract value is expected to exceed 5 billion yuan (692 million US dollars).
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' inventory to production ratio statistics by province by month
Unit: %
