Ningbo Ronbay to supply <a href="https://laohu8.com/S/300750">CATL</a> with around 120 billion yuan worth of battery materials BEIJING, Jan 13 (Reuters) - Ningbo Ronbay New Energy Technology 688005.SS agreed to supply more than 120 billion yuan ($17.20 billion) worth of battery materials to battery giant CATL 300750.SZ in the next five years, according to a Shanghai Stock Exchange filing.
The company is expected to supply CATL with 3.05 million metric tons of lithium iron phosphate cathode material from the first quarter of 2026 to 2031, the filing showed.
($1 = 6.9752 Chinese yuan renminbi)
(Reporting by Xiuhao Chen and Ryan Woo, Editing by Louise Heavens)
((Xiuhao.Chen@thomsonreuters.com;))
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