Del Group and Jiangling New Energy signed a solid-state battery strategic cooperation agreement

Fuxin Del Auto Parts Co., Ltd. (hereinafter referred to as "the Company" or "Party B") and Jiangxi Jiangling Group New Energy Vehicle Co., Ltd. (hereinafter referred to as "Jiangling New Energy" or "Party A") have signed the "Solid State Battery Strategic Cooperation Agreement". In view of Party A's advantages in the field of new energy vehicles and Party B's technical strength in the field of solid-state batteries, in order to achieve resource sharing, complementary advantages, and jointly promote the research and development, production and market application of solid-state batteries, the two parties have established a long-term and stable strategic cooperative relationship based on the principles of equality, mutual benefit and common development, and are jointly committed to innovation and development in the field of solid-state batteries. This letter of intent has been signed.

Main contents of the contract

1. Purpose of Cooperation

Based on the principles of equality, mutual benefit and common development, the two parties have established a long-term and stable strategic cooperative relationship and are jointly committed to innovation and development in the field of solid-state batteries.

(II) Cooperation Content

1. Development Cooperation

Party A provides technical requirements such as battery cell size and performance to Party B. After customized development, Party B submits battery cell samples to Party A for testing. After passing the test, the battery cell samples are installed on Party A's vehicle for verification.

2. Production cooperation

On the premise that the cost of solid-state battery packs is competitive and the production conditions of both parties are mature, the two parties will further explore the feasibility of mass production and market promotion of solid-state batteries for Party A's vehicle models.