Core Viewpoint - Sileck (300382.SZ) has signed a cooperation agreement with Dongwon Systems to establish a joint venture in China focused on battery shell business, with an initial capital of $1 million [1][2] Group 1: Joint Venture Details - The joint venture will be established by Sileck's wholly-owned subsidiary, Suzhou Xianlai New Energy Parts Co., Ltd., and Dongwon Systems [1] - Dongwon Systems will contribute $750,000 as the first installment of its investment in the joint venture [1] - The investment progress for the remaining contributions will be defined in a supplementary agreement [1] Group 2: Strategic Importance - Dongwon Systems is a key supplier to major battery manufacturers in South Korea, indicating the strategic significance of this partnership [2] - The joint venture aims to enhance cooperation in the cylindrical and prismatic battery shell business in the U.S. and Europe, leveraging both companies' strengths [2] - Establishing the joint venture is expected to stabilize customer relationships, build mutual trust, and strengthen Sileck's position in the domestic battery shell market [2]