# Longpan Unit Signs Five-Year LFP Supply Framework With Geely's Jiyao Tongxing

Nanjing Lithium Source, a second-tier holding subsidiary of Longpan Technology, signed a five-year strategic cooperation framework agreement with Zhejiang Jiyao Tongxing Energy Technology on October 8\. From 2026 to 2030, Nanjing Lithium Source and affiliated production entities will supply 378,600 to 567,800 tons of LFP cathode material to Jiyao Tongxing, with actual shipments subject to formal orders\.

By China EV Signal
Published: 2026-10-09T14:14:58.934Z
Updated: 2026-10-09T14:14:58.936Z
Canonical article: https://chinaevsignal.com/news/longpan-nanjing-lithium-jiyao-tongxing-lfp-supply-framework

## Key takeaways

- Nanjing Lithium Source and affiliated production entities will supply 378,600 to 567,800 tons of LFP cathode material to Zhejiang Jiyao Tongxing Energy Technology from 2026 to 2030\.
- Jiyao Tongxing recorded cumulative installed battery capacity of 11\.72GWh in January-August 2026\.
- Geely plans to form 70GWh of battery production capacity by 2027\.

## Longpan Unit Signs Five-Year LFP Framework With Jiyao Tongxing

Nanjing Lithium Source, a second-tier holding subsidiary of Longpan Technology, signed a five-year strategic cooperation framework agreement with Zhejiang Jiyao Tongxing Energy Technology on October 8\. Under the agreement, Nanjing Lithium Source and affiliated production entities will supply 378,600 to 567,800 tons of LFP cathode material to Jiyao Tongxing from 2026 to 2030\.

Order placement is based on comprehensive compliance with price, delivery and quality technology requirements\. Actual shipments are subject to formal orders, and product unit prices are negotiated and adjusted monthly in line with raw material market conditions\.

## Jiyao Tongxing Serves as Geely's Battery Integration Platform

Jiyao Tongxing is the core vehicle for Geely Group's strategic integration of its battery business, responsible for the development and mass production of Shen Dun Golden Brick batteries\. Jiyao Tongxing directly serves main passenger vehicle models including Geely Galaxy\.

Jiyao Tongxing recorded cumulative installed capacity of 11\.72GWh in January-August 2026\.

## Geely's Battery Layout Traces Back to 2014

Geely's earliest battery sector layout can be traced to its 2014 acquisition of Shandong Hengyuan New Energy\. Geely has built five major battery bases and plans to form 70GWh of production capacity by 2027\.

Jike Supply Chain Management, a second-tier subsidiary of Geely Technology Group, signed a long-term lithium carbonate cooperation agreement with Guocheng Mining, providing for the purchase of battery-grade lithium carbonate from August 2026 to July 2036\.

## Longpan Has Landed Multiple Long-Term Supply Agreements Since 2025

Since 2025, Longpan Technology has landed multiple long-term supply agreements, with a customer matrix covering CATL overseas factories, EVE Energy's Malaysia base, Sunwoda's Thailand base, and Chuyang New Energy\.

In January 2025, Ford Group's Blue Oval partnered with Lithium Source \(Asia Pacific\) to supply Ford's overseas system for the 2026-2030 period; the specific volume and amount were not disclosed\. In June 2025, EVE Energy signed a supply agreement with Lithium Source \(Asia Pacific\) for its Malaysia factory covering 152,000 tons with a contract value exceeding 9 billion yuan for 2026-2030\.

In September 2025, CATL signed an LFP cathode material procurement cooperation agreement with Lithium Source \(Asia Pacific\) for overseas factories covering 157,500 tons with a contract value exceeding 6 billion yuan for 2026 Q2 to 2031\. In November 2025, Chuyang New Energy signed Supplementary Agreement II with Changzhou Lithium Source and Nanjing Lithium Source, raising the supply scale from 150,000 tons to 1\.3 million tons through December 31, 2030; the amount was not disclosed\.

In December 2025, Sunwoda's Thailand subsidiary signed a long-term procurement agreement with Lithium Source \(Asia Pacific\) for 106,800 tons with a contract value of 4\.5 billion to 5\.5 billion yuan for 2026-2030\.

## Framework Agreement Sets Volume Range Without Floor Purchase Commitment

The agreement is a strategic cooperation framework rather than a rigid floor purchase contract\. The difference between the lower and upper ends of the five-year volume range, 378,600 tons to 567,800 tons, is nearly 190,000 tons\.

The monthly price adjustment model can pass through raw material price fluctuations but cannot lock in profit\. The key to profitability remains processing fees\.

Longpan's upstream lithium resource layout can smooth part of the cycle, but phosphorus and iron sources still rely on external procurement\.

## Company coverage

- [Geely news](https://chinaevsignal.com/manufacturers/geely)
- [CATL news](https://chinaevsignal.com/manufacturers/catl)

## Original publisher

高工锂电. Published: 2026-10-09T11:33:00.000Z