On the evening of September 22, Guangzhou Tinci Materials Technology Co.,Ltd. (002709.SZ), a leading lithium battery electrolyte company, announced that its wholly-owned subsidiary Jiujiang Tianci has signed a cooperation agreement with REPT BATTERO.

Under the agreement, which is effective from the date of signing until December 31, 2030, REPT BATTERO (including REPT BATTERO's Wenzhou base and its affiliated companies/bases) will purchase no less than 800,000 tons of electrolyte products from Jiujiang Tianci.

According to the announcement, Jiujiang Tianci can meet REPT BATTERO's peak monthly demand with a supply capacity of no less than 20,000 tons. The price of lithium hexafluorophosphate, the core raw material for electrolyte products, will be determined through separate negotiations between both parties.

Recent market observations indicate that domestic electrolyte market prices have remained generally stable, showing strong supply and demand momentum. Several electrolyte material manufacturers are operating at full capacity with no inventory, indicating urgent market demand.

Based on the latest quotations from September 18, lithium hexafluorophosphate electrolyte prices range from 55,000-59,000 yuan per ton (domestic); power ternary electrolyte prices range from 19,200-23,600 yuan per ton; power lithium iron phosphate electrolyte prices range from 15,000-21,000 yuan per ton; and energy storage lithium iron phosphate electrolyte prices range from 14,000-19,400 yuan per ton.

Using the mid-range price of power lithium iron phosphate electrolyte at 18,000 yuan per ton as a reference, the 800,000 tons of electrolyte would be valued at over 14 billion yuan, reaching 14.4 billion yuan. This means that over the next five years, Jiujiang Tianci will supply approximately 14.4 billion yuan worth of electrolyte products to REPT BATTERO.

In the secondary market, despite poor overall index performance on September 23, Guangzhou Tinci Materials Technology Co.,Ltd. still performed well, opening 1.02% higher and remaining positive through the close. The company's current total market value stands at 58.62 billion yuan.

**About Jiujiang Tianci**

Jiujiang Tianci is a wholly-owned subsidiary of Guangzhou Tinci Materials Technology Co.,Ltd., established in October 2007 with legal representative Zhao Jingwei and registered capital of 455 million yuan. Jiujiang Tianci serves as a major global production base for lithium battery electrolytes and is the world's largest lithium battery electrolyte leading enterprise, maintaining the global number one position in electrolyte shipments for nine consecutive years.

On May 13 of this year, Guangzhou Tinci Materials Technology Co.,Ltd. disclosed key capacity data on an investor interaction platform: electrolyte capacity of approximately 860,000 tons, lithium iron phosphate capacity of 330,000 tons, lithium hexafluorophosphate capacity of approximately 110,000 tons on a solid basis, with the company's electrolyte sales volume of approximately 500,000 tons in 2024.

The vast majority of Guangzhou Tinci Materials Technology Co.,Ltd.'s electrolyte capacity is located at the Jiujiang base, and the company continues to expand production to meet market demand.

Notably, before reaching cooperation with REPT BATTERO, Guangzhou Tinci Materials Technology Co.,Ltd. signed an agreement with Chu Neng New Energy in July this year, under which Jiujiang Tianci is expected to supply no less than 550,000 tons of electrolyte series products from the agreement signing date until December 2030.

**About REPT BATTERO**

REPT BATTERO was established in 2017 and is the first enterprise in the new energy sector established by Tsingshan Industrial Group, a Fortune 500 company. The company is primarily engaged in the research and development, production, and sales of lithium-ion batteries, providing solutions for new energy vehicle power and smart energy storage.

REPT BATTERO has R&D centers in Shanghai, Wenzhou, and Jiaxing, production bases in Wenzhou, Jiaxing, Liuzhou, Foshan, and Chongqing, and its first overseas battery factory in Indonesia is currently under construction. By 2025, REPT BATTERO's overall capacity is expected to reach 90GWh.

In terms of performance, in the first half of 2025, REPT BATTERO achieved revenue of 9.491 billion yuan, up 24.9% year-on-year; gross profit of 829 million yuan, up 177.8% year-on-year; and a loss of 63 million yuan, narrowed by 90.4% year-on-year.

Regarding shipments, in the first half of 2025, REPT BATTERO sold a total of 32.4GWh of lithium battery products, up approximately 100.2% year-on-year.

In terms of market segments, in the first half of 2025, REPT BATTERO's household energy storage cell shipments and user-side (household storage + industrial and commercial storage) cell shipments both ranked first globally; its market share in new energy heavy-duty truck batteries reached 7.5%, and its market share in battery-swapping heavy-duty truck batteries reached 18%, up 809% year-on-year, with both metrics ranking second nationally.