Two Major Listed Companies Sign 10-Year Strategic Cooperation Agreement Involving Procurement of Lithium Battery Products

Tianqi Co., Ltd. has partnered with EVE Energy to jointly build a full-chain closed-loop system for lithium batteries covering "manufacturing—application—reverse recycling—regeneration and reuse." By strengthening the layout of the recycling network, efficient sorting, and regeneration in the reverse supply chain, they aim to jointly establish a green value chain closed-loop for the entire lithium battery lifecycle, enhance the resilience of the industry chain, and lead the industry towards green and sustainable development.

Photo/Tianqi Co., Ltd.

On the evening of September 1, Tianci Co., Ltd. (002009) announced that it recently signed a "Strategic Cooperation Framework Agreement" with EVE Energy Co., Ltd. (300014). The two parties intend to jointly build a full-chain closed-loop system for lithium battery "manufacturing—application—reverse recycling—regeneration." By strengthening the layout of the recycling network and the reverse supply chain links, such as efficient sorting and reuse, they aim to jointly construct a closed-loop green value chain for the entire lifecycle of lithium batteries. This will enhance the resilience of the industrial chain and lead the industry's green and sustainable development. The agreement is valid for 10 years and can be renewed upon mutual agreement before expiration.

EVE Energy Co., Ltd. was established in 2001 and was among the first batch of companies listed on the Shenzhen Growth Enterprise Market in 2009 (stock code: 300014). EVE Energy focuses on the research, production, and sales of consumer batteries, power batteries, and energy storage batteries, committed to "accelerating the Internet of Everything with all-scenario lithium battery solutions." After 23 years of rapid development, EVE Energy has become a globally competitive lithium battery platform company, building a comprehensive R&D platform covering materials, cells, BMS, and systems. It possesses core technologies and comprehensive solutions for consumer batteries, power batteries, and energy storage batteries. The company has formed five major business segments: EVE Energy Innovation, EVE Energy Storage, EVE Power, Strategic Synergy, and Global Cooperative Operation Model (CLS). Its products are widely applied in smart living, green transportation, energy transition, and other fields.

Tianqi Co., Ltd., as a national benchmark enterprise in the field of lithium battery recycling, relies on its full-chain resource recovery technology system and large-scale recycled lithium salt processing base to continuously and stably supply battery-grade lithium carbonate, nickel sulfate, cobalt sulfate, iron phosphate, and other high-purity recycled key materials (secondary recycled materials). The performance of its products has been internationally recognized.

EVE Energy promises to prioritize the large-scale procurement of recycled key materials from Tianki Co., Ltd. under equal conditions within its global cathode material production system. Both parties will jointly promote the penetration rate of green raw materials in the lithium battery industry chain, significantly reducing reliance on primary mineral resources.

Simultaneously, based on Tianqi Co., Ltd.'s significant market advantage and product demand in the field of robotics and other applications, Tianqi Co., Ltd. commits to prioritizing the procurement of EVE Energy's newly produced Grade A batteries as the core power solution for related products, provided that the battery performance and quality requirements are met under the same conditions. The two parties will establish a long-term stable procurement cooperation mechanism regarding specific product specifications, supply assurance, technical support, etc.

According to a previous announcement by Tianqi Co., the company recently delivered an embodied intelligent robot order to a leading domestic automotive group, officially initiating small-batch deliveries of embodied intelligent robots in industrial settings.

In terms of performance, in the first half of the year, Tinci Holdings achieved operating revenue of 1.247 billion yuan; net profit attributable to shareholders of the listed company was 55.83 million yuan, representing a significant turnaround from the net loss of -78.51 million yuan in the same period last year, with a year-on-year increase of 171.11%.

In the first half of the year, the lithium battery recycling division of Tianqi Co., Ltd. achieved operating revenue of 137 million yuan. Although this represented a year-on-year decrease of 44.63% due to factors such as structural shortages in industry raw material supply and low capacity utilization in the wet smelting process, the segment benefited from a phased increase in cobalt prices caused by the cobalt export ban in the Democratic Republic of Congo. As a result, the gross profit loss significantly narrowed compared to the same period last year, and profitability gradually improved.

In the first half of the year, EVE Energy achieved operating revenue of approximately 28.2 billion yuan, a year-on-year increase of 30.06%. Net profit attributable to shareholders of the listed company was 1.605 billion yuan, a year-on-year decrease of 24.9%. Net profit after deducting non-recurring gains and losses was 1.157 billion yuan, down 22.82% year-on-year. Net cash flow from operating activities was 2.373 billion yuan, an increase of 660.72% year-on-year. Basic earnings per share were 0.78 yuan. In the first half of the year, the company shipped 21.48 GWh of power batteries, a year-on-year increase of 58.58%, and 28.71 GWh of energy storage batteries, up 37.02% year-on-year.