Tongyi Co., Ltd.: Subsidiary Signs Coolant Strategic Cooperation Agreement with CATL

36Kr learned from an announcement by Tongyi Co., Ltd. that its majority-owned subsidiary, Tongyi Petrochemical Co., Ltd., recently signed a Coolant Strategic Cooperation Agreement with Contemporary Amperex Technology Co., Limited (CATL). CATL and Tongyi Petrochemical will jointly study coolant reliability, including impact factor research, model development, and model validation. Tongyi Petrochemical will research low-conductivity coolant life testing technology and evaluation methods, and provide related reports and technical consulting services. Under the strategic cooperation, CATL will give priority to low-conductivity coolant products developed by Tongyi Petrochemical (subject to mutual approval) based on customer needs, and Tongyi Petrochemical's products must meet the technical specifications agreed upon by both parties and comply with applicable laws and regulations. The agreement takes effect upon signature and seal by the legal representatives or authorized representatives of both parties, and is valid from the date of signing through December 31, 2029. Upon mutual confirmation, the agreement may be supplemented, amended, and its validity extended.