LBM (AP) secures five-year LFP cathode order from Sunwoda Thailand
2025-12-03 16:03:00 [Print]
LBM New Energy (AP) Pte. Ltd., a subsidiary of Jiangsu Lopal Tech Group, has signed a long-term supply deal with Sunwoda Automotive Energy Technology (Thailand) Co., Ltd. Under the agreement, LBM New Energy is expected to supply a total of 106,800 tonnes of LFP cathode materials meeting agreed specifications to Sunwoda Thailand between 2026 and 2030, with agreed minimum purchase and maximum supply volumes.
The two parties will review and recalibrate demand every two years, with adjusted volumes required to meet at least the annual minimum. Pricing will be set monthly in accordance with the contract terms. Based on expected volumes and market prices, the contract is valued at RMB4.5-5.5 billion (USD637-779 million).
The two parties will review and recalibrate demand every two years, with adjusted volumes required to meet at least the annual minimum. Pricing will be set monthly in accordance with the contract terms. Based on expected volumes and market prices, the contract is valued at RMB4.5-5.5 billion (USD637-779 million).
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