CNGR SIGNED A LONG-TERM PURCHASE AND SALE CONTRACT WITH SOUTH KOREA’S LG CHEM
CNGR and South Korea’s LG Chem officially signed a long-term purchase and sales contract for ternary precursors. Both companies will further strengthen cooperation in production and R&D, create a win-win situation on the new energy, promote the application of new energy materials and expedite green and low-carbon development.
Tao Wu,Senior Vice President of CNGR said “In recent years, CNGR has maintained high-speed development and made major breakthroughs in key technologies of nickel, cobalt, phosphorus and sodium. Some domestic and overseas projects have been operated in Qinzhou, Kaiyang, Morowali and Weda Bay. CNGR’s industrial chain of vertical integration of ” resource-smelting-material-recycling”, has been extended and expanded. Thus, the supply security and supply chain benefits of raw material have been enhanced as well. At present, CNGR has accelerated internationalization process and strengthened collaboration with global customers, especially strategic customers. We aim to create more value for customers, and provide better technologies, products and services, “he explained.
Li Xiangmu, Vice Chairman of South Korea’s LG Chem emphasized “LG Chem is the most representative chemical company in Korea as well as the largest battery manufacturers in the world. It’s also committed to becoming a world-class scientific enterprise and a multinational enterprise providing new value to our customers. Meanwhile, CNGR is a global leader in producing lithium battery precursor for new energy. Thereby, the powerful and deep cooperation between both sides is of historic significance”.
CNGR and South Korea’s LG Chem officially signed the long-term purchase and sales contract for ternary precursors. Both companies will further strengthen cooperation in production and R&D, create a win-win situation on the new energy, promote the application of new energy materials and expedite green and low-carbon development.
In November 2022, CNGR Chairman Deng Weiming set off for South Korea to sign an MoU on Investment Cooperation with the Pohang municipal government. CNGR aimed to deepen its industrial layout in South Korea, provide better service for Korean customers, and advance the high-quality growth of global new energy material industry.