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CATL Locks RMB66B Solid-state Battery Materials Supply
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JIAYUAN TECHNOLOGY (688388.SH) voluntarily disclosed that it recently (4 November) entered into a framework agreement with CATL (03750.HK), in which the two parties will engage in comprehensive cooperation in ways such as the supply, R&D and production of anode current collector materials for new batteries (including but not limited to copper foil for solid-state batteries). It is explicitly stipulated that, between 2026 and 2028, JIAYUAN TECHNOLOGY should prioritize securing a minimum output supply of 626,000 tons for CATL. Based on the current market average price of RMB106,000 per ton (including tax) for mainstream copper foil, the collaboration corresponds to an output value of approx. RMB66 billion, Chinese media quoted analyst projections as saying. AAStocks Financial News Website: www.aastocks.com |
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