Zheng Quan Shi Bao Wang·2025-11-25 12:33Core Viewpoint - Huayou Cobalt has signed a long-term product supply framework agreement with EVE Energy, focusing on supplying high-nickel ternary cathode materials for electric vehicle batteries, which is expected to enhance the company's position in the European electric vehicle supply chain [1][2] Group 1: Agreement Details - The agreement stipulates that from 2026 to 2035, Huayou's Hungarian plant will supply approximately 127,800 tons of high-nickel ternary cathode materials to EVE Energy's Hungarian facility, with an estimated supply of about 126,500 tons from 2027 to 2031 [1] - The agreement is part of a broader strategy to deepen cooperation with EVE Energy and strengthen Huayou's core competitiveness in the lithium battery new energy industry [1][2] Group 2: Previous Collaborations - Huayou Cobalt and EVE Energy have been strategic partners since 2020, collaborating on the development of cathode materials for large cylindrical batteries, which have now entered a significant production phase [2] - In addition to the agreement with EVE Energy, Huayou Cobalt has also signed a supply agreement with LGES for a total of approximately 88,000 tons of ternary cathode materials from 2026 to 2030 [3] Group 3: Business Performance - Huayou Cobalt has reported strong financial performance, with revenue reaching 58.941 billion yuan, a year-on-year increase of 29.57%, and a net profit of 4.216 billion yuan, up 39.59% year-on-year, both achieving historical highs for the same period [3] - The company has optimized its product structure, with a 17.68% year-on-year increase in the shipment of ternary cathode materials, and over 60% of shipments being high-nickel products [4]