LBM New Energy signs long-term LFP supply deal with CATL

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LBM New Energy (AP) Pte. Ltd., a subsidiary of Jiangsu Lopal Tech Group, has signed a long-term agreement to supply lithium iron phosphate (LFP) cathode materials to Contemporary Amperex Technology Co., Ltd. (CATL).

The deal covers deliveries of about 157,500 tonnes of LFP cathode materials to CATL's overseas plants from the second quarter of 2026 through 2031, with a total contract value exceeding RMB6 billion (USD843 million).