Shang Hai Zheng Quan Bao·2025-09-29 22:37Core Viewpoint - The strategic cooperation framework agreement signed between Zhongwei New Materials Co., Ltd. and Xiamen Xatung New Energy Materials Co., Ltd. focuses on the supply chain of key battery materials in emerging fields such as consumer electronics, power batteries, low-altitude economy, AI, and robotics, aiming for mutual benefits and resource sharing [6][12][19]. Group 1: Agreement Overview - The agreement was signed on September 29, 2025, and covers high-growth products including ternary materials, lithium cobalt oxide, solid-state/semi-solid lithium battery materials, and lithium-rich manganese-based materials [6][12]. - The agreement does not require board or shareholder approval and will be followed by formal cooperation agreements as necessary [6][19]. - The agreement does not constitute a related party transaction or a major asset restructuring as defined by regulations [7][10]. Group 2: Cooperation Details - The cooperation will involve long-term partnerships in the supply chain for lithium battery materials across various sectors, including consumer electronics and AI [13]. - Both parties will collaborate on the development of upstream mineral resources, focusing on nickel, cobalt, and manganese to ensure stable supply and cost advantages [14]. - Joint research and development efforts will target advanced battery materials and technologies, aiming to reduce production costs and enhance market competitiveness [15]. Group 3: Expected Impact - The collaboration is expected to accelerate breakthroughs in new material development and shorten product development cycles, establishing a competitive edge in solid-state battery technologies [19]. - The partnership will enhance the company's supply capabilities in diverse materials for power, energy storage, and consumer electronics, while also positioning it in emerging markets related to AI and robotics [19]. - The anticipated cooperation volume over the next three years is approximately 115,000 tons per year, with specific product estimates including 40,000 tons of cobalt oxide and 50,000 tons of ternary precursors [16].