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WANRUN NEW ENERGY signed a supply agreement for 1.3231 million tons of lithium iron phosphate products with CATL

Zhitong
May 19, 2025 at 10:13 AM
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WANRUN NEW ENERGY has signed a supply agreement for 1.3231 million tons of lithium iron phosphate products with CATL, with the supply period from May 2025 to 2030. CATL promises a monthly purchase volume of no less than 80%. This agreement will promote long-term cooperation between the two parties, drive the development of the new energy market, and have a positive impact on WANRUN NEW ENERGY's operating performance

According to the Zhitong Finance APP, WANRUN NEW ENERGY (688275.SH) announced that the company recently signed a "Business Cooperation Agreement" with CATL. According to the agreement, the company will supply CATL with qualified lithium iron phosphate products in accordance with the agreed supply volume, with an estimated total supply of approximately 1.3231 million tons from May 2025 to 2030. Given the comprehensive advantages of the company's products, CATL commits to purchasing no less than 80% of the company's committed volume each month during the period from 2025 to 2030. The monthly delivery plan for each year will be separately agreed upon in a supplementary agreement signed by both parties before October 1 of the previous year. At the same time, both parties will establish a long-term cooperation mechanism to jointly promote the iteration and mass production of high-pressure dense lithium iron phosphate products and jointly explore the new energy market.

This agreement is a sales contract related to the company's daily operations. Signing this agreement will help the company establish long-term cooperative relationships with downstream customers, promote stable sales of the company's future products, enhance the company's sustainable operating capability, core competitiveness, and market share, and provide strong support for subsequent business development, aligning with the company's strategic development plan and the interests of all shareholders. If the agreement is successfully implemented, it will have a positive impact on the company's current and future operating performance

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