Huan Qiu Lao Hu Cai Jing·2025-11-17 08:02Core Viewpoint - Rongbai Technology has signed a cooperation agreement with CATL to collaborate in the field of sodium battery cathode materials, which is expected to enhance the safety and sustainability of the new energy battery industry [1][2]. Group 1: Company Developments - Rongbai Technology's stock price surged to 35.40 CNY per share, with a market capitalization of 25.3 billion CNY following the announcement of the partnership [1]. - Under the agreement, CATL will designate Rongbai Technology as its primary supplier of sodium battery cathode materials, committing to purchase at least 60% of its total procurement from Rongbai, contingent on meeting quality and service standards [1]. - The partnership aims to leverage the strengths of both companies in strategic goals, long-term product supply, and new product development [1]. Group 2: Industry Position and Financial Performance - Rongbai Technology is a leader in the sodium battery cathode materials sector, having made strategic investments over the years that have resulted in superior performance metrics and cost control [2]. - Financially, Rongbai Technology reported a revenue of 8.986 billion CNY for the first three quarters of 2025, a year-on-year decline of 20.64%, and a net profit of -204 million CNY, indicating a shift from profit to loss [2]. - The recent certification of CATL's sodium-ion battery under the new national standard GB38031-2025 is expected to significantly impact the market, paving the way for large-scale applications of sodium battery cathode materials and sodium-ion batteries [2].