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Core Viewpoint - The lithium battery materials market is experiencing a surge in demand, leading companies to secure long-term contracts to ensure supply stability and strengthen relationships with key customers [5][11]. Company Summary - Shengxin Lithium Energy announced a framework agreement with Zhongchuang Xinhang for the procurement of 200,000 tons of lithium salt products from 2026 to 2030, with the total contract value expected to exceed 20 billion yuan based on current lithium carbonate prices [5][6]. - The company has previously signed a similar agreement with Huayou Holding Group for the supply of 221,400 tons of lithium salt products over the same period [6]. - Shengxin Lithium Energy is also deepening customer relationships through a combination of product cooperation and equity binding, planning to raise up to 3.2 billion yuan to support working capital and debt repayment, with strategic investments from Huayou and Zhongchuang [8][9]. - The company has a planned annual production capacity of 3,000 tons of metallic lithium, with 500 tons already completed and a new project for 2,500 tons underway [9]. Industry Summary - The lithium battery industry is witnessing a "lock order" trend, with significant contracts being signed across the supply chain, including agreements for over 200 GWh of battery capacity and substantial supply contracts in the electrolyte and copper foil sectors [11][12]. - The demand for lithium batteries is driven by the rapid growth of the electric vehicle and energy storage markets, with global power battery installation reaching 811.7 GWh in the first three quarters of the year, a 34.7% increase year-on-year [13]. - The energy storage market is expanding even faster, with a 90.7% year-on-year increase in battery shipments, highlighting the growing need for stable and efficient power supply solutions [13].