Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-16 22:35Core Viewpoint - Ningbo Rongbai New Energy Technology Co., Ltd. has signed a cooperation agreement with CATL, establishing Rongbai as the primary supplier of sodium battery cathode materials, which signifies recognition of the company's technological strength and market position in the sodium battery sector [2][10]. Group 1: Agreement Overview - The agreement marks CATL's commitment to purchase no less than 60% of its total procurement from Rongbai, contingent on meeting quality, cost, and delivery requirements [2][8]. - The agreement is effective from the date of signing until December 31, 2029, with an automatic renewal clause if no objections are raised three months prior to expiration [9]. - The collaboration aims to enhance both parties' market competitiveness in the fields of power, energy storage, and digital applications [6][7]. Group 2: Company and Client Background - CATL, established in December 2011 and listed on the Shenzhen Stock Exchange in June 2018, is a leading global company in the new energy sector, focusing on the development, production, and sales of lithium-ion and sodium-ion batteries [4][5]. - The agreement does not constitute a related party transaction and does not require board or shareholder approval [3][5]. Group 3: Impact on Company Performance - The partnership is expected to positively influence the company's future operating performance, as it aligns with the strategic goal of becoming a comprehensive solution provider for sodium battery materials [10][11]. - The collaboration is anticipated to facilitate the large-scale application of sodium battery technology, with CATL's sodium-ion battery already certified under the new national standard [10][11].