Cosnine Secures First Order from Domestic Lithium Specialist Company... "Distribution Sales to Begin in Earnest"

Kosnine announced on the 4th that it has received a large order of lithium from domestic lithium specialist company A. The contracting party and detailed scale were not disclosed due to a confidentiality agreement.

The company stated, "We are finalizing negotiations to start delivery and distribution with various lithium suppliers in China," adding, "This is the first order since entering the lithium distribution business, and it is significant as sales generation is becoming full-scale."

In July, Kosnine held an extraordinary general meeting and added business objectives related to the manufacturing and distribution of secondary battery materials. Based on this, it entered the lithium carbonate and lithium hydroxide distribution business and is expanding its scope to include waste batteries and LFP (Lithium Iron Phosphate) batteries.

A Kosnine official said, "We are reviewing an urban mining business to extract key minerals such as lithium from waste batteries," and added, "We are preparing contracts for distribution and the establishment of a domestic joint venture with an LFP battery specialist company."

Meanwhile, LFP batteries are increasingly adopted in electric vehicles due to their lower cost and higher safety compared to NCM (Nickel Cobalt Manganese) batteries. Following the advances of Chinese companies, domestic companies are also accelerating the development of LFP batteries. The domestic LFP battery market size is expected to grow rapidly, centered on the three major domestic battery manufacturers.

This content was produced with the assistance of AI translation services.