On April 21, Changzhou Lithium source and Xingheng power supply in Suzhou High-tech Zone on lithium ferromangophosphate cathode material project signed a strategic cooperation agreement, Changzhou Lithium source thus became the first domestic battery manufacturers signed with downstream lithium ferromangophosphate product practical application strategic agreement of cathode material enterprises.

Lithium ferromanganese phosphate is a natural mineral or synthetic lithium battery cathode material, both lithium iron phosphate and lithium manganese phosphate advantages, at the same time, has a higher voltage platform, so that its theoretical energy density is 15-20% higher than lithium iron phosphate under the same conditions. The lithium ferromangan-phosphate product developed by Changzhou Liyuan has stable high voltage platform and ideal discharge capacity, which can provide longer battery life and life cycle.

Xingheng Power Supply Co., LTD., founded in 2003, relying on the technology of Institute of Physics of Chinese Academy of Sciences, owns multiple power battery production lines with manganese multiple lithium composite as the core, and is a well-known high-tech enterprise of power lithium battery in China. According to the agreement, Changzhou Liyuan and Xingheng Power Will carry out strategic cooperation in the research and development, production and sales of series of products such as lithium ferromanganese phosphate. Changzhou Liyuan is mainly responsible for product research and development and production, under the premise of the same business terms, the priority to provide xingheng power supply lithium iron manganese phosphate products; Under the premise of the same quality and business terms, Xingheng Power supply will give priority to purchase changzhou Lithium iron manganese phosphate products, and be responsible for providing changzhou Lithium manganese source raw materials necessary for the research and development of lithium iron manganese phosphate products, and establish the necessary testing capacity of lithium iron manganese phosphate materials and sample cell preparation and testing capacity. Both parties will build in-depth cooperation around the project of lithium ferromanganese phosphate, realize resource sharing and complementary advantages, and jointly improve the industrial chain of production, supply and marketing of lithium ferromanganese phosphate.

Changzhou Liyuan was founded in 2000 as the cathode material business department of Beitre Company. In April 2021, it was acquired by Lopal Technology and renamed as Changzhou Liyuan. Changzhou lithium source in the field of lithium battery cathode material research and development and production has more than ten years experience, also recently successfully developed a new type of lithium iron phosphate material "lithium iron 1", while stars constant power application of manganese series materials have rich experience, therefore, the two sides of the success in ferromanganese lithium phosphate project cooperation is full of confidence. In the future, Changzhou Liyuan will continue to give full play to its advantages, deeply cultivate professional fields, deepen the synergy and complementarity of the industrial chain, and join hands with more partners to jointly promote the development of China's new energy industry.