Recently, Huizhou EVE Energy Co., Ltd. signed a Product Supply Framework Agreement with Chengdu Bamo Technology Co., Ltd., a subsidiary of its strategic partner Huayou Cobalt.
The agreement stipulates that from 2026 to 2035, Chengdu Bamo’s Hungary plant is expected to supply EVE Energy’s Hungary factory with a total of approximately 127,800 tons of ultra-high-nickel ternary cathode materials. Among these, deliveries from 2027 to 2031 are expected to amount to about 126,500 tons. The aforementioned quantities are preliminary estimates, and the final sales volume will be determined by the purchase orders subsequently signed by both parties.
Product prices will follow the pricing mechanism stipulated in the agreement and will be confirmed through negotiation by both parties based on the principles of voluntariness, equality, fairness, and reasonableness.
Given the long term of this agreement, factors such as changes in policies, market conditions, environmental considerations, or customer demand may affect its execution. As a result, timely or full fulfillment of the agreement may not be guaranteed, and the actual sales volume remains subject to uncertainty.
Regarding the impact of this agreement, Huayou Cobalt stated that the signing of this supply agreement for large-format battery materials with EVE Energy focuses on meeting the requirements of European high-end automakers’ next-generation battery platforms. The agreement is conducive to further deepening the strategic cooperation between the two companies, while increasing Huayou Cobalt’s market share in lithium battery new energy materials.
At the same time, it enables the company to continuously advance its integrated development advantages of “controlling upstream resources, expanding downstream markets, and enhancing midstream capabilities,” helping it to embed more deeply into the European electric vehicle industry chain. By leveraging opportunities from large-format battery technology iteration to strengthen industry chain coordination, the agreement further enhances the company’s core competitiveness in the lithium battery new energy industry. This arrangement aligns with the company’s long-term development strategy and the goal of maximizing shareholder value.
Source：EnergyTrend
