Leveraging its comprehensive material portfolio and technological advantages, Ronbay Technology had become a key support for the solid-state battery industry chain. The company's high-nickel and ultra-high-nickel all-solid-state cathodes had achieved shipments at the 10-mt level, with products covering leading battery makers and OEMs in and outside China. Client-side evaluations showed they could meet the requirements of 400 Wh/kg battery cells.

This week，the solid-state battery industry showed a dual-engine momentum driven by "intensive breakthroughs on the technology front and targeted solutions on the policy front." CATL disclosed a sulphide patent, Zhongkeyuanben's 20Ah all-solid-state battery passed third-party detection, and Dreame Technology released a 450Wh/kg product; Guangdong took the lead in incorporating diversified solid-state battery technology routes and eVTOL scenarios into provincial-level action plans.

This week，the solid-state battery industry showed a dual-engine momentum driven by "intensive breakthroughs on the technology front and targeted solutions on the policy front." CATL disclosed a sulphide patent, Zhongkeyuanben's 20Ah all-solid-state battery passed third-party detection, and Dreame Technology released a 450Wh/kg product; Guangdong took the lead in incorporating diversified solid-state battery technology routes and eVTOL scenarios into provincial-level action plans.

①Multiple top-tier enterprises have released material and whole-line solutions centered around solid-state batteries, with engineering verification capabilities becoming the main competitive focus. ②Sodium-ion battery and hydrogen fuel cell technologies have entered the system verification phase, with flight platforms serving as high-specific-energy testing scenarios. ③CATL, Gotion High-tech, Sunwoda, and others are simultaneously advancing local manufacturing and standard adaptation, with manufacturing going global entering the "system replication" phase.

The 17th China International Battery Fair (CIBF2025) was recently held. Currently, the new-type battery system has entered the intersection phase of manufacturing verification and application testing, with different technological paths simultaneously releasing staged signals at this exhibition. It is reported that the scale of the exhibition has further expanded compared to previous years, covering multiple directions such as solid-state batteries, sodium-ion batteries, hydrogen energy, and intelligent manufacturing. Enterprises from both upstream and downstream of the industry chain have showcased their current staged achievements. Manufacturing paths, go-global strategies, and standard systems have become the common focus of this exhibition. At the exhibition site, multiple producers showcased anode and cathode materials, electrolytes, whole-line equipment, and packaging processes for the solid-state battery system. Some equipment enterprises proposed "turnkey" whole-line solutions for the first time and have initiated verification processes with customers. Wang Zeshen, Secretary General of the China Industrial Association of Power Sources, stated in an interview with a reporter from the Science and Technology Innovation Board Daily that the industry is currently in the stage of "transitioning from the laboratory to engineering verification". Whole-line capabilities, manufacturing system integration, and verification delivery capabilities have become the focus of attention for equipment and material enterprises. He noted that against the backdrop of the mainstream technological system not yet fully converging, the industry's requirements for manufacturing standardization, localization support, and overseas adaptation capabilities have simultaneously increased. Multiple Companies Disclose Latest Progress in Solid-State Battery-Related Businesses At this CIBF exhibition, solid-state batteries have become one of the core display directions, covering aspects such as material innovation, battery cell assembly, equipment delivery, and system verification. The pilot-scale solutions of some top-tier enterprises have already entered the delivery process. In terms of materials , Enjie Technology released lithium sulfide with a purity of 99.9%, ultra-fine sulphide electrolyte powder, and high-conductivity membrane materials, all of which possess roll-to-roll continuous preparation capabilities. Ganfeng Lithium showcased its 500Wh/kg all-solid-state battery products, paired with sulphide electrolytes and lithium metal anodes. 10Ah-level samples have achieved small-batch production, and the company plans to deliver verification samples to eVTOL enterprises within the year. Gotion High-tech unveiled its "Jinshi Battery" with an energy density of 300Wh/kg, which has passed the 200°C thermal box and nail penetration tests. The first 0.2GWh pilot line has been completed, with a 100% localisation rate for core equipment. Shenzhen Senior Technology Material and CAS Deep Blue jointly launched a "rigid-flexible integration + in-situ curing" membrane system, which enhances flexible adaptation capabilities while maintaining mechanical strength, with a target energy density of up to 700Wh/kg. In terms of manufacturing equipment , Lead Intelligent Equipment exhibited its whole-line turnkey solutions for oxide and sulphide systems, covering processes such as pole piece manufacturing, electrolyte injection, drying, and packaging. "Equipment delivery is no longer about handing over a set of hardware, but rather delivering a verifiable and replicable engineering path," said Chen Jianxin, Vice President of Lead Intelligent Equipment, in an interview with the *China Science and Technology Innovation Board Daily*. "Currently, we have multiple solutions entering the customer commissioning process, with verification focusing on material compatibility, automated joint debugging, and environmental control." In terms of battery assembly solutions, CATL showcased its third-generation condensed matter battery, which adopts a high-nickel cathode, silicon-based anode, and composite electrolyte, targeting intelligent electric vehicles (EVs) and flight platforms. Liang Rui, Vice President of Sunwoda, told the *China Science and Technology Innovation Board Daily* reporter, "Currently, we are collaborating with equipment companies to build a pilot platform for systematic verification of consistency, battery cell sealing, and C-rate performance. Samples have already entered the evaluation phase for some customers' operating conditions." Li Zikun, head of BTR's Research Institute, also informed the *China Science and Technology Innovation Board Daily* reporter that the company has completed several compatibility adaptations in terms of supporting silicon carbon anodes, electrolytes, and shell packaging. "Our strategy is to promote structural synergy, rather than just investing in a single material," he said. Wang Zeshen, Secretary General of the China Industrial Association of Power Sources, told the *China Science and Technology Innovation Board Daily* reporter that although the solid-state technology system is still in a state of multiple parallel routes, the engineering path on the manufacturing side has begun to emerge. "From equipment capabilities to customer delivery logic, measurable verification standards and system coordination periods are being formed." Multiple companies showcase power battery solutions for low-altitude economy scenarios During the exhibition, multiple companies showcased power battery solutions tailored for low-altitude economy scenarios, covering application directions such as urban air mobility, industrial drones, and manned aircraft. The products generally emphasized lightweight design, high C-rate output, and redundant safety systems. As flight platforms emerge as new scenarios, companies also view them as key interfaces for verifying high energy density and system safety. Sunwoda launched its "Xin・Yunxiao 2.0" aviation power battery, focusing on flight redundant voltage platforms and structural safety, which has entered the customer verification phase. EVE showcased a series of aircraft battery products targeting drones and logistics platforms, supporting high C-rate, wide temperature range operation, and consistency control. Liang Rui, Vice President of Sunwoda, told the *China Science and Technology Innovation Board Daily* reporter, "The requirements for heat dissipation paths, voltage redundancy, and life consistency in battery systems for flight platforms are significantly higher than those for passenger vehicles. The company is collaborating with customers on joint work around adaptation models and platform verification logic." "eVTOLs, high-specific-energy power platforms, and low-temperature scenarios are early landing windows for the solid-state system. We emphasize the coordinated adaptation of materials and structures."Li Zikun, head of BTR's research institute, said in an interview with a reporter from the Science and Technology Innovation Board Daily. Great Power Energy released the Sky series drone battery, with a gravimetric specific energy of 400Wh/kg, a volumetric density of 750Wh/L, and a driving range improvement of 35%, which has entered multiple industrial drone platforms. CALB showcased a high-power battery adapted for eVTOL, with an energy density exceeding 300Wh/kg, supporting 8C continuous discharge, focusing on flight endurance performance; EHang Intelligent jointly launched the "Falcon" lithium metal solid-state battery with Xinjie Energy, with an energy density of 480Wh/kg, over 1,000 cycles, and eVTOL endurance increased to more than 48 minutes. Industry chain companies have also begun to intervene in system integration and platform adaptation. Hymson United launched the construction of a 5GWh solid-state battery production line with Xinjie Energy; Lead Intelligent Equipment showcased its ultra-high C-rate cylindrical production line for flight batteries, which has entered the customer debugging phase. Flight batteries have become an important interface for the engineering verification of solid-state batteries, and also open up new growth expectations in the low-altitude economy. Some products have entered the pilot application stage in scenarios such as eVTOL, unmanned transportation, and special operations. Manufacturing extension and localization synergy have become a consensus among enterprises. With the globalization of capacity layout and the simultaneous rise of compliance thresholds, Chinese battery companies generally adopted the "local manufacturing + standard adaptation" as the basic strategy for overseas business expansion at this CIBF exhibition. Wang Zeshen, Secretary General of the China Industrial Association of Power Sources, told the Science and Technology Innovation Board Daily that the current issue of going global is no longer a single product export issue, but a multiple synergy of industry chain transfer and standard system access. "Is it product going global, technology going global, or the industry chain going global? Enterprises should systematically evaluate based on overseas manufacturing capabilities, local certification standards, and customer synergy capabilities," said Wang Zeshen. CATL introduced its global manufacturing system layout at the exhibition, including the German factory already in production, the Hungarian factory under construction, and the Spanish factory jointly promoted with Stellantis; and promoted the expansion of the European local supply network through the Hong Kong IPO. The company is also advancing deep integration development with overseas automakers, including fast charging protocols, battery cell size, and packaging standard adaptation. Gotion High-tech simultaneously showcased the production line planning of its Göttingen factory in Germany, which has carried out supporting development work with European vehicle manufacturers. The company stated that starting from 2025, it will rely on local manufacturing to gradually build a "development-manufacturing-verification" closed-loop system, with overseas vehicle installation volume in Q1 2025 up 108.2% YoY. While BYD showcased the model of its mass production line for solid-state batteries, it also disclosed its capacity layout strategy in Europe and Southeast Asia. The company designs battery systems and platform-based products in accordance with the regulations of different markets, but has not yet disclosed the progress of specific joint ventures or implementation projects. Lead Intelligent Equipment, on the other hand, proposed an integrated go-global model of "global engineering replication + local manufacturing + local services," emphasizing that equipment delivery no longer ends with a single process, but rather encompasses whole-line organizational capabilities, operation and maintenance support, and certification integration as components of the export.

After the conclusion of the CLNB 2025 (10th) New Energy Industry Chain Expo hosted by SMM, SMM has meticulously organized a field trip, composed of representatives from companies worldwide, including Atlantic Lithium, German Mineral Resources Agency (DERA), ING Wholesale Banking, and LG Energy Solution, etc. to visit multiple enterprises in the new energy industry chain.

In the diversified landscape of lithium batteries, cylindrical, prismatic, and pouch batteries each have their own advantages. Among them, cylindrical batteries, as the earliest type of lithium battery to achieve mass production, have always held a significant position in the industry due to continuous technological innovation and market adaptability. Cylindrical batteries, driven by innovation, are reshaping the industry landscape. The birth of cylindrical batteries stemmed from the perfect alignment of technology and market demand. In the late 20th century, with the surge in demand for lightweight and efficient power sources in portable electronic devices, Sony seized the opportunity and introduced the revolutionary 18,650 cylindrical battery, quickly leading the trend in the consumer electronics market. With their excellent performance, cylindrical batteries soon became mainstream in the industry, driving the rapid development of consumer electronics towards miniaturization, lightweight design, and extended driving range. During the early stages of EV industrialization, cylindrical batteries also became a key driving force due to their unique advantages. In 2008, Tesla's first electric sports car, the Roadster, innovatively adopted a combination of nearly 7,000 18,650 lithium batteries, showcasing the excellent product consistency, mature manufacturing processes, and outstanding cost advantages of cylindrical batteries. This move successfully helped Tesla open the door to EV commercialization, laying a crucial foundation for the global NEV industry's transition from concept validation to large-scale development. Despite their significant role in the early development of the electronic device and NEV markets, the market expansion of cylindrical batteries has not been without challenges. In the NEV market, as consumer demand for driving range continues to rise, higher requirements for battery energy density have emerged, coupled with demands for battery pack space utilization and manufacturing efficiency. As a result, the advantages of prismatic and pouch batteries have gradually become more prominent. In the ESS market, large-scale ESS projects impose extremely high requirements on cost control and system integration management, slowing the promotion of cylindrical batteries in this market. However, even so, cylindrical batteries have not stood still but have actively sought innovation and change to reshape the industry landscape. Leading companies have invested heavily in R&D, continuously exploring the boundaries of performance in material innovation and structural optimization. Among them, Shenzhen BAK Power Battery Co., Ltd. (referred to as BAK Battery), a pioneer and leader in the global cylindrical lithium battery industry with over 20 years of experience, has deeply explored the core advantages of cylindrical batteries. Through a three-dimensional reconstruction of "application scenario innovation + material system upgrade + structural design optimization," BAK has achieved industry-leading technological results. Recently, research institutions EVTank and the EVI Economic Research Institute, in collaboration with the China Battery Industry Research Institute, jointly released the "China Cylindrical Battery Industry Development White Paper (2025)." The white paper disclosed the top 10 global cylindrical lithium-ion battery shipment companies in 2024. BAK Battery made the top 10 list, ranking seventh globally in cylindrical lithium-ion battery shipments in 2024. Strong growth in traditional application markets continues to boost the demand for cylindrical batteries. EVTank data shows that global cylindrical battery shipments reached 12.82 billion units in 2024, up 3.6% YoY. Among them, cylindrical battery shipments for power tools increased by 25.4% YoY, while those for electric two-wheelers rose by 34.6% YoY. In terms of market structure, against the backdrop of varying degrees of decline in cylindrical battery shipments by Japanese and South Korean companies, Chinese companies achieved counter-trend growth. The market share of Chinese companies in the global cylindrical battery market surged from 29.3% in 2023 to 43.6% in 2024, demonstrating strong market competitiveness. EVTank analysis indicates that the more prominent cylindrical battery companies in 2024 mainly seized opportunities in the small power market in Southeast Asia, the domestic substitution of power tool batteries, and the overseas household ESS market. Additionally, EVTank pointed out that Chinese companies are also leading the industry in exploring new application scenarios for cylindrical batteries, such as BBU backup power, AI robots, eVTOL, and biomedical applications. "Scenario + Material + Structure" Three-Dimensional Reconstruction! Building a Comprehensive Product Matrix The rise of emerging application markets has opened up vast development space for cylindrical batteries. Recently, Liu Zhibo, Executive Vice President of BAK Battery, noted in an exchange with Battery Network that the combination of cylindrical and ternary batteries, with their high C-rate discharge characteristics, perfectly meets the needs of recent hot industries. Liu Zhibo analyzed that in the low-altitude economy sector, aircraft impose unprecedented stringent requirements on power batteries. First, in terms of energy density, they need to meet the MIIT aviation lithium battery standard target of 400-500 Wh/kg, far exceeding the average of 200-300 Wh/kg for ordinary vehicle lithium batteries. Second, in terms of power performance, the instantaneous power required for vertical takeoff and landing demands that batteries can sustain 3-5C discharge and peak at 7-10C discharge, while also requiring fast charging capabilities. Additionally, the recently popular embodied intelligent robot industry and AI data center battery backup units (BBUs) also pose dual challenges to battery performance: requiring both breakthrough energy density and excellent power output capabilities. In the embodied intelligent robot industry, batteries need to be compactly adapted to the robot's body. Cylindrical batteries, with their standardized size and flexible layout, have become the preferred power solution for the robot industry. Combined with the continuously improving energy density performance of cylindrical batteries, they meet the core needs of the embodied intelligent industry for compact design, lightweight body, and long driving range. "The cylindrical structure has good heat dissipation performance and is suitable for modular design, which aligns with the high efficiency and modularity required by AI data center BBUs," Liu Zhibo further analyzed. "Moreover, cylindrical batteries use steel shell encapsulation, offering high mechanical strength and superior resistance to collision and compression compared to prismatic or pouch batteries, making them suitable for high-vibration, high-impact application scenarios such as low-altitude aircraft and robots." In terms of technological innovation, BAK Battery has also achieved remarkable results. In the field of structural innovation, the full-tab technology has brought new ideas for the performance renewal of cylindrical batteries and provided a key code for BAK Battery's business innovation. BAK Power Battery is a pioneer in the field of full-tab large cylindrical batteries, achieving the domestic debut of the 4,680 full-tab large cylindrical battery as early as the beginning of 2021, leading the industry in technology layout and R&D progress. The cylindrical structure, combined with advanced technologies such as high-nickel cathodes, silicon anodes, and silicon-doped lithium supplementation, has significantly improved energy density. Liu Zhibo revealed that BAK Power's full-tab large cylindrical batteries have now iterated to the third generation. The full-tab large cylindrical technology has also brought a positive "feedback" effect to the small power market. In March 2024, BAK Battery released a new generation of full-tab small power battery products: 2,170-40D, 2,170-45D, and 2,170-50D. This series targets three major sub-markets: smart living, power tools, and micro-mobility, showcasing six characteristics: high power, low internal resistance, low temperature rise, fast charging, long cycle life, and high capacity. Additionally, in March 2025, BAK Battery officially launched the full-tab 1,865 D series products, achieving comprehensive performance upgrades and leading user experience to new heights. At this point, BAK has officially formed a full-tab full-matrix cylindrical battery product system covering the 18-series, 21-series, and 46-series. Liu Zhibo stated, "The strategic value of this product system lies in its comprehensive scenario adaptability: whether in the EV field with extremely high energy density requirements or in the small smart device field with special power and size requirements, BAK Battery's full-tab products can meet the diverse needs of mobile end-use products with their excellent performance, effectively driving the transformation and upgrading of smart lifestyles." In the field of material innovation, BAK Battery has also made significant breakthroughs. On February 25, BAK Battery officially launched the PRO-M high-safety battery, which meets the requirements of the new national standards while achieving dual upgrades in safety and performance, aiming to provide a more reliable and efficient energy solution for short-distance travel. In terms of materials, the new generation of BAK PRO-M high-safety battery innovates from the cathode, separator to the electrolyte, providing triple protection and improving the battery's safety performance: using a composite cathode with excellent thermal stability, maintaining structural stability at high temperatures; using a composite-coated separator to maintain good insulation; and using a highly stable electrolyte to effectively reduce interfacial side reactions. In terms of process, BAK has developed a new process that makes the slurry more dispersed and the internal resistance smaller, achieving high safety, high capacity, long driving range, and wide temperature range performance. The BAK PRO-M high-safety battery can pass the industry's most stringent nail penetration test, meeting the safety performance requirements of GB43854-2024 and GB40559-2024. In product layout, BAK Battery has always adhered to a market demand-oriented development philosophy. Liu Zhibo introduced: Based on deep insights into sub-markets, we have built a complete product matrix in the cylindrical battery field, including high-capacity series, high-power series, and high-safety series, comprehensively covering mainstream specifications such as 18/21/46 series, providing precise energy solutions for different application scenarios. Conclusion: Throughout the development history of the lithium battery industry, cylindrical batteries not only drove the transformation of the consumer electronics industry in the early stages and helped the EV industry take its first steps, but also continuously innovated and adapted in the face of challenges, witnessing the evolution of lithium battery technology and changes in market demand, always occupying an irreplaceable important position in the development process of the lithium battery industry. With the advent of the AI wave, cylindrical batteries, as the "evergreen tree" of the lithium battery industry, have ushered in new development opportunities. In the industrial context of continuously emerging diversified application scenarios, the high C-rate and standardized characteristics of cylindrical batteries have become hard currency in market competition. BAK Battery, with its continuous investment and leading achievements in technological innovation, as well as its precise grasp of market trends, has occupied significant technological advantages and a solid market position in the cylindrical battery market.

Discover how global firms tap Indonesian nickel for EVs while tackling ESG issues like pollution and indigenous rights.

Hosted by Shanghai Metals Market (SMM), CLNB 2025 (10th) New Energy Industry Expo will be held from April 16 to 18, 2025 at Suzhou International Expo Center . During the exhibition, 1 main forum and 11 sub-forums will be held, with government leaders, academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering, domestic and overseas scientists, foreign guests from dozens of countries, and leading entrepreneurs from various industries attending the event! Witness the gathering of industry leaders, discuss core technologies, listen to experts' insights, interpret market trends, and gather in Suzhou to focus on key issues, inviting you to jointly explore industrial development. This expo covers 6 major exhibition areas , with 1,300+ domestic and overseas exhibiting and participating companies showcasing the entire industry chain of batteries, including power batteries, consumer batteries, ESS, raw materials, materials, equipment, battery recycling, as well as NEVs, power tools, electric drives, and the low-altitude economy in the power exhibition area, providing you with a one-stop exhibition experience. Click to fill out the registration form and register immediately to join industry elites in discussing the future development of the new energy industry. We look forward to your arrival and to opening this feast of the new energy industry with SMM. At this New Energy Industry Expo , Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. and Qinghai Salt Lake Industry Co., Ltd. will make a grand appearance, collaborating with peers in the new energy industry to share development opportunities and jointly outline a bright future for new energy. Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. Qinghai Salt Lake Industry Co., Ltd. Booth Number: F14 We sincerely invite you to visit the CLNB 2025 New Energy Industry Expo About • Wanbang New Energy Pioneer of Solid-State Battery Entire Industry Chain Products Sichuan Wanbang Shenghui New Energy Technology Co., Ltd. has long been engaged in the R&D and production of new energy materials across the entire industry chain, from laboratory verification, pilot testing, and demonstration factory construction, developing a series of low-cost, high-energy-density, high-safety solid-state lithium battery products and solutions. The company's vision is to become a global leader in the energy materials field, reshaping the energy storage landscape with卓越 innovation and accelerating the world towards an efficient, clean, and sustainable future. The company's mission is to focus on the R&D and innovation of new energy materials, enhancing material performance and reducing costs with卓越 technology, accelerating the application and普及 of new materials in energy end-users, providing efficient, safe, and environmentally friendly energy solutions for various industries, and driving global energy transformation. As a pioneer in the industrialization of solid-state battery materials, the company focuses on optimizing the synthesis process of sulfide solid electrolytes, modifying high-nickel cathode materials, and improving the performance of lithium-magnesium-based alloy anodes. Currently, products such as lithium sulfide, lithium oxide, NCM9055, NM6535, lithium-magnesium-aluminum, lithium-magnesium-silicon, and lithium-magnesium-tin have achieved mass production. The company is systematically advancing the pilot verification and demonstration production line construction of key materials for solid-state batteries, facilitating the industrialization of solid-state batteries. Product Introduction High-Nickel Ternary Cathode Material NCM9055 High-capacity, high-stability high-nickel ternary cathode material NCM9055: First-cycle discharge capacity ≥229 mAh/g at 0.05 C, first-cycle Coulomb efficiency ≥93%, capacity retention rate ≥93.2% after 1,000 cycles at 1C and 25°C. Lithium-Rich Manganese-Based Cathode Material NM6535 High-capacity, high-stability lithium-rich manganese-based cathode material NM6535: First-cycle discharge capacity ≥220 mAh/g at 0.05 C, first-cycle Coulomb efficiency ≥92%, capacity retention rate ≥80% after 1,000 cycles at 1C and 25°C, compaction density ≥3g/cm3, discharge decay ≤0.15mV/week. Li-Mg-x Alloy · Battery Anode Using gas-phase co-condensation to prepare LiMgAl, LiMgSi, LiMgSn alloy strips with thicknesses of 20-200um, which can be used as lithium battery anode materials to enhance the mechanical strength of the anode and mitigate lithium dendrite growth during long-term cycling. Lithium Sulfide Li 2 S For sulfide solid electrolytes, the company has developed high-purity lithium sulfide with a particle size d50~2.1um and purity up to 99.98%, reducing costs by more than 50% compared to traditional processes, suitable for large-scale production. Collaboration Overview of Salt Lake Industry and Sichuan Wanbang Currently, metal lithium and alloys are mainly produced using mature molten salt electrolysis methods, while thermal reduction methods for producing metal lithium are still in the laboratory research stage domestically and overseas. Wanbang New Energy has successfully produced various magnesium-lithium alloys in the laboratory using metal thermal reduction and gas-phase co-condensation technologies. In line with the technological development needs of Salt Lake Industry, using industrial-grade lithium carbonate from Qarhan Salt Lake as raw material, the two companies are jointly developing a 50 mt/year metal lithium or magnesium-lithium/lithium-magnesium alloy engineering demonstration line using "vacuum thermal reduction" and "gas-phase co-condensation" patented technologies. Contact Information Contact: Qianyu Fu Phone: 028-38163825 Email: dianamarketing@wanbang.xin 【CLNB 2025—Hot Registration】 CLNB 2025 (10th) New Energy Industry Expo April 16-18, 2025 Suzhou International Expo Center

[Chinese Ternary Cathode Material Companies "Entering the U.S. Market via South Korea"] Recently, South Korean battery manufacturers have consecutively signed orders with Chinese ternary cathode material companies. Based on industry trends, Chinese ternary cathode materials are expected to expand their presence in the global market, particularly in North America, from 2025 to 2027. On March 10, Easpring Technology announced the signing of a long-term supply agreement with LG Energy Solution (LGES), stipulating the supply of 110,000 mt of high-nickel and medium-nickel high-voltage multi-element cathode materials from 2025 to 2027, with a contract value of approximately 14 billion yuan. The agreement specifies "maximum supply obligations" and "minimum purchase obligations," further strengthening the partnership between the two parties. This order will enable Easpring Technology to deeply integrate into the supply chains of automakers such as Tesla, General Motors, and Volkswagen through LGES. On March 3, Easpring Technology signed a supply agreement with SK On for 17,000 mt of high-nickel cathode materials and is expected to negotiate an additional supply of 110,000 mt for 2026-2028.