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Senior Material (Shenzhen) Co., Ltd. signed a global strategic cooperation memorandum with LG Energy Solution, Ltd. covering at least 12 billion square meters of separator procurement from 2024 to 2030.
Senior Material's wholly owned subsidiary Changzhou Senior New Energy Materials signed a reservation agreement with FREYR Battery Norway AS to supply wet-process lithium-ion battery separator materials, with a contract value of approximately 737 million yuan (about $110 million).
Senior Material (Shenzhen Senior Technology Material) signed a Product Supply Assurance Agreement with LG Energy Solution to supply wet-coated lithium-ion battery separators, with a contract value of approximately 4.311 billion yuan.