Pawa Co., Ltd. (688184.SH) announced that the company has partnered with Lepu Sodium Battery (Shanghai) Technology Co., Ltd. (referred to as "Lepu Sodium Battery").
According to the Zhitong Finance APP news, Pawa Co., Ltd. (688184.SH) announced that it signed a "Global Strategy Cooperation Agreement" with Lepu Sodium Battery (Shanghai) Technology Co., Ltd. (referred to as "Lepu Sodium Battery") on December 9, 2024. Both parties have reached further consensus on the cooperation regarding sodium-ion battery cathode precursors. In the future, cooperation will be deepened in various areas including relevant technology research and development, market expansion, capacity assurance, supply chain collaboration, and strategic investment, focusing on the development direction of new generation battery materials represented by sodium-ion battery cathode materials, jointly supporting industry development and achieving win-win cooperation goals.
Lepu Sodium Battery expects to purchase a total of no less than 5,000 tons of sodium-ion battery cathode precursor products from the company from January 1, 2025, to December 31, 2027. This procurement volume is a forecast, and the specific purchase quantity and price will be based on future procurement contracts signed by both parties.
The signing of this agreement will help both parties further leverage their upstream and downstream advantages and build industry chain collaboration. If this agreement is fully implemented, it will help the company further implement a diversified development strategy, achieve deep expansion from power battery materials to energy storage battery materials, and assist in connecting the company's products to overseas markets and entering international markets. It is expected that during the cooperation period, this will have a positive impact on the sales scale and operation performance of the company's relevant products.