Sou Hu Cai Jing·2025-11-17 04:18Core Insights - Rongbai Technology (688005.SH) experienced a 20% limit-up on November 17, reaching a new high of 354 RMB since September 2023, following a cooperation agreement with CATL [1] - The agreement designates Rongbai Technology as the primary supplier of sodium battery cathode powder for CATL, with a commitment to procure no less than 60% of total procurement annually [1] - If the annual procurement reaches 500,000 tons or more, Rongbai Technology will reduce costs and offer more favorable pricing, indicating a positive impact on future operating performance [1] Company Summary - Rongbai Technology's stock performance reflects strong market confidence due to its strategic partnership with CATL [1] - The collaboration aims to leverage industry expertise and resources to create a safer and lower-carbon new energy battery ecosystem [1] - The partnership includes cooperation in strategic goal alignment, long-term product supply, and new product development [1]