On the evening of December 2, Lopal Tech announced that its controlled indirect subsidiary, LBM New Energy (AP) Pte. Ltd., has signed a "Long-Term Procurement Agreement" with Sunwoda Mobility Energy Technology (Thailand) Co., Ltd.
Under the agreement, LBM New Energy (AP) Pte. Ltd. will sell a total of 106,800 tons of lithium iron phosphate (LFP) cathode materials to Sunwoda between 2026 and 2030. The deal stipulates minimum purchase volumes and maximum supply capacities. Both parties agreed to calibrate demand requirements every two years, ensuring that the post-calibration demand remains no lower than the annual minimum purchase volume already agreed upon in the protocol.
Specific unit prices will be determined monthly by both parties based on the terms of the agreement. Based on estimated quantities and market prices, the total sales value of the contract is estimated to be between RMB 4.5 billion and RMB 5.5 billion.
Lopal Tech stated that the signing of this agreement will help the company establish long-term, stable relationships with downstream partners and contribute to the stable sales of its products. This move aligns with the company's strategic development plans, and if the contract is successfully fulfilled, it is expected to have a positive impact on the company's future performance.
According to incomplete statistics from TrendForce, Lopal Tech has signed LFP cathode material supply orders with multiple enterprises this year, including Chuneng New Energy, CATL, and EVE Energy. The total order volume has reached 1.71 million tons, with a total value exceeding RMB 67.5 billion, and delivery periods concentrated between 2026 and 2030.
Source：EnergyTrend
