Longpan Technology's Subsidiary Signs Long-Term Sales Agreement for LFP Cathode Materials

36Kr reports that Longpan Technology announced its second-level subsidiary, Nanjing Liyuan, has signed a strategic cooperation framework agreement with Zhejiang Jiyao Tongxing Energy Technology. The deal stipulates sales of between 378,600 and 567,800 tons of lithium iron phosphate (LFP) cathode materials to Jiyao Tongxing from 2026 to 2030, with specific volumes determined by orders and unit prices adjusted monthly based on raw material price fluctuations. The transaction does not constitute a related-party transaction or major asset restructuring and requires no approval from the board of directors or shareholders' meeting. The company stated that the agreement will help establish long-term stable relationships with downstream partners, enhance its competitiveness in the new energy battery materials sector, and positively impact future performance if successfully executed.