Battery materials supplier Ronbay tempers hype over massive deal with CATL
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Ronbay has clarified that its RMB 120 billion ($17.2 billion) lithium material order with CATL is an estimate and subject to uncertainties. The final sales volume will depend on raw material prices and quantities at the time of order execution. The agreement does not specify a total sales amount, leading to trading suspension of Ronbay's stock. The deal involves supplying CATL with 3.05 million tons of LFP cathode materials from 2026 to 2031, marking a significant order in the lithium and battery industries.
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