CNGR Advanced Material (SHE:300919) and Beijing Dangsheng Technology signed a strategic cooperation framework agreement on Feb. 10 focusing on lithium battery materials, resource development, and global capacity expansion, according to a Tuesday filing with the Shenzhen Bourse.
The partnership covers product supply, technology collaboration, resource recycling, and market expansion. While non-binding, the agreement aims to integrate industry expertise and strengthen the supply chain.
Potential risks include uncertainties in implementation and financial impact. Zhongwei continues its strategic industry collaborations, including prior Tesla and SK Ecoplant agreements.
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