Lianchuang shares cooperates with CATL to expand the lithium battery material market

Lianchuang Co., Ltd. acquired 100% of the equity of Shandong Huaan New Materials Co., Ltd. for RMB 664 million in 2019, successfully entering the supply chain of CATL. According to the "Cooperation Framework Agreement" signed by the two parties, CATL guarantees that the annual purchase of Huaan New Materials' lithium battery-grade PVDF will account for 80% of the total annual PVDF production. This will help Lianchuang Co., Ltd. further develop in the lithium battery material market.