Shang Hai Zheng Quan Bao·2025-11-17 03:06Core Viewpoint - Rongbai Technology's stock surged by 20% after announcing a partnership with CATL, becoming the primary supplier of sodium battery cathode materials, which is expected to enhance its market position and technical capabilities in the sodium battery sector [1] Group 1: Partnership Details - Rongbai Technology signed a cooperation agreement with CATL, which commits CATL to purchase no less than 60% of its total procurement from Rongbai annually [1] - The agreement includes an incentive clause for procurement volume, offering price reductions if annual purchases reach 500,000 tons or more [1] - The agreement is effective until December 31, 2029, with an automatic renewal clause if there are no objections three months prior to expiration [1] Group 2: Product and Market Impact - CATL's sodium-ion battery has passed the GB38031-2025 safety certification, becoming the first globally certified sodium-ion battery under the new national standard [1] - As the primary supplier of sodium battery cathode materials for CATL, Rongbai Technology's recognition by a leading international client signifies its development strength and market position in sodium battery materials [1] - The collaboration is expected to lead to large-scale applications of sodium battery materials and sodium-ion batteries, influenced by CATL's leadership in the lithium battery industry [1] Group 3: Company Overview - Rongbai Technology specializes in the research, production, and sales of ternary materials, lithium iron phosphate materials, lithium manganese iron phosphate materials, sodium materials, and multi-component precursors [2] - The company's products are primarily used in the manufacturing of lithium/sodium batteries and are applied in electric vehicles, electric two-wheelers, energy storage devices, and electronic products [2]