# Staropower signs 43.11 billion yuan supply agreement with LG Energy Solution

Staropower (Shenzhen Staropower New Materials) has signed a supply guarantee agreement with LG Energy Solution to supply wet-coated lithium-ion battery separator materials, valued at approximately 43.11 billion yuan, effective for 4.5 years.

- Type: Contract
- Announced: 2021-08-31
- Value: $6.67B (43.1B CNY)
- Status: announced
- Products: wet-coated lithium-ion battery separator materials
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Shenzhen Staropower New Materials Co., Ltd.](https://endata.com/companies/57585.md)
- [LG Energy Solution](https://endata.com/companies/11181.md) (customer)

## Sources

- [news.smm.cn](https://news.smm.cn/news/101591555), 2021-09-07: "公司拟与LG新能源签订《供应保证协议》，约定公司向LG新能源供应湿法涂覆锂离子电池隔膜材料，协议金额约43.11亿元。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.