Summary by Moomoo AI
Jiangxi Ganfeng Lithium Group Co., Ltd. announced that it has signed a long-term supply agreement with Hyundai Motor of Korea to supply battery-grade lithium hydroxide products to Hyundai from January 1, 2024 to December 31, 2027. The agreement does not constitute a related transaction or major asset restructuring and is expected to have a positive impact on the Company's operating performance. The company's board of directors made the announcement externally on January 19, 2024 and confirmed that there is no relationship between Hyundai Motor. This cooperation is based on a win-win approach, which enhances the company's continued profitability and fosters long-term development.