25, Huayou Cobalt announced that its subsidiary Chengdu Bamo Technology Co., Ltd. It is agreed that from 2026 to 2035, Chengdu Bamo Hungarian Factory will supply about 127,800 tons of ultra-high nickel ternary cathode materials to Yiwei Lithium Energy, of which about 126,500 tons will be supplied from 2027 to 2031.
Huayou Cobalt announced that the new energy materials industry of lithium and electricity is the core business of the company's key development, and also the leader of the company's industrial integration. The signing of the large cylindrical battery material related product supply agreement with Yiwei Lithium Energy, focusing on the supporting needs of the new generation battery platform of European high-end automobile enterprises, is conducive to further deepening the strategic cooperative relationship betw een the two sides, while enhancing the market share of the company's new energy materials for lithium and electricity, and continuously deepening the "upper control of resources, lower expansion of the market, and middle promotion". Help the company deeply embedded in the European electric vehicle industry chain, rely on the opportunity of large cylindrical battery technology iteration to strengthen the synergy of the industry chain, and further enhance the company's core competitiveness in the lithium new energy industry chain, which is in line with the company's long-term development strategy and the goal of maximizing the interests of all shareholders.
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