Back    Zoom +    Zoom -
RONBAY TECH Says RMB120B Contract Amt with CATL Is Estimate Only
Recommend
7
Positive
12
Negative
4
According to RONBAY TECHNOLOGY (688005.SH)'s announcement, it received on January 13 an inquiry letter from the Shanghai Stock Exchange's STAR Market Company Management Department regarding its daily operation contract signed with CATL (03750.HK).

In response, RONBAY TECHNOLOGY clarified that the agreement didn't have the procurement amount finalized, and "the total contract amount of RMB120 billion" with CATL was its estimate only. As the actual sales scale will ultimately depend on the raw material prices and quantities at the time of actual order signing, the sales amount is still uncertain.

Related NewsM Stanley: Mkt Diverges on Battery Demand/ Raw Material Prices; CATL Estimated to Ultimately Outperform Peers

AAStocks Financial News