24, Longpan Science and Technology announced that its holding company, Nanjing Lithium Source Nanotechnology Co., Ltd., had signed the Supplementary Agreement II of the Cooperation Agreement on Purchasing Production Materials with three wholly-owned subsidiaries of Chuneng New Energy Co., Ltd.
According to the announcement, the supplementary agreement will increase the total sales of lithium iron phosphate cathode materials from 150000 tons to 1.3 million tons from 2025 to 2030, and extend the validity period of the contract from April 30, 2030 to December 31, 2030, with a total amount of more than 45 billion yuan. Effective November 24, 2025.
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