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龙蟠科技(603906.SH):控股子公司与LGES签署长期供货协议

Longpan Technology (603906.SH): Holding subsidiary signs long-term supply agreement with LGES

Gelonghui Finance ·  Feb 21 03:17

Gelonghui, Feb. 21丨Longpan Technology (603906.SH) announced that its holding subsidiary Changzhou Lithium Source New Energy Technology Co., Ltd. (“Changzhou Lithium Source”) has signed a “Long-term Supply Agreement” with LG EnergySolution, Ltd. (“LGES”). The agreement stipulates that Changzhou Lithium will sell a total of 160,000 tons of lithium iron phosphate cathode material products to LGES from 2024 to 2028. The specific unit price will be determined by the parties on a monthly basis according to the terms of this agreement. If estimated according to the current market price, the total amount of the agreement exceeds RMB 7 billion; in addition, the agreement agreed that the two parties will do their best to negotiate and determine the additional supply and sale of 360,000 tons of lithium iron phosphate cathode material products between 2025 and 2028 before June 30, 2024.

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