Guangzhou Tinci Materials Technology (SHE:002709) subsidiary Texas Tianci signed a master contract with Duksan Electera America that runs until Nov. 16, 2029.
Under the contract, Duksan Electera America will process and produce lithium-ion battery electrolyte products for Texas Tianci, according to a Wednesday filing with the Shenzhen bourse.
The agreement set a minimum production of 10,000 tons of electrolyte products from 2025 to 2027. The agreement will be automatically extended for one year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments