Jiangsu Lopal Tech Signs Sales, Purchase Deals With LG Energy Solution

MT Newswires Live08-07

Jiangsu Lopal Tech. Group (HKG:2465) entered into sales and purchase framework agreements with LG Energy Solution (LGES) on Aug. 6, covering lithium iron phosphate or LFP materials and related services through 2028.

Under the sales agreement, LGES may purchase up to 9 billion yuan of Lopal products annually from January 1, 2026 to December 31, 2028, according to a Thursday Hong Kong bourse filing. Lopal's sales to LGES totaled 1.68 billion yuan from Jan. 1 through Aug. 6.

Under the purchase agreement, LGES may supply up to 6 billion yuan of products and related services annually over the same period. Lopal's purchases from LGES totaled 658.4 million in the period to Aug. 6.

Lopal's shares fell nearly 1% in recent trade.

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