# TD Holdings subsidiary signs $165M cobalt procurement agreement

TD Holdings' subsidiary Shenzhen Qianhai Baiyu Supply Chain entered a procurement agency agreement with Shenzhen Jintongyuan Energy Storage Technology for the procurement of cobalt materials valued at RMB1.2 billion (approximately US$165 million) over 12 months.

- Type: Contract
- Announced: 2023-08-24
- Where: China
- Value: $165.0M
- Status: announced
- Products: cobalt materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [TD Holdings](https://endata.com/companies/72233.md)
- [Shenzhen Qianhai Baiyu Supply Chain Co., Ltd.](https://endata.com/companies/72234.md)
- [Shenzhen Jintongyuan Energy Storage Technology Co., Ltd.](https://endata.com/companies/72235.md) (customer)

## Sources

- [in.investing.com](https://in.investing.com/news/td-holdings-enters-165m-procurement-agency-agreement-432SI-3783684), 2023-08-24: "We are excited to formalize the Agreement and believe this strategic move will diversify the Company's service portfolio by expanding the range of raw material categories and increase the Company's presence in the renewable energy sector."

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