Ronbay New Energy (688005.SH) announced that it has signed a cooperation agreement with CATL. Under the agreement, CATL has designated Ronbay as its primary supplier of sodium-ion battery cathode powder.

Provided that Ronbay meets CATL's requirements in terms of technology, quality, cost, delivery, and service for sodium-ion cathode materials, CATL has committed to purchasing no less than 60% of its total procurement volume from Ronbay annually. If annual purchases reach 500,000 tons or more, Ronbay will offer further price reductions through cost optimization.

The agreement takes effect immediately upon signing and remains valid until December 31, 2029. It will automatically renew for another term three months before expiration unless either party objects.

The collaboration aims to leverage both companies' industry expertise and resources to build a safer and more sustainable new energy battery ecosystem.