On October 15, 2025, Shanshan Advanced Materials declared that it had entered into a strategic cooperation framework agreement with Boyuan Co., Ltd. The two entities aim to forge a long-term, all-encompassing, and robust strategic partnership in multiple domains, including the joint development of solid-state lithium battery material technology, product provision, market expansion, and equity investment. It's important to note that this agreement serves as a framework, and detailed terms of cooperation will necessitate separate formal agreements. By capitalizing on their respective strengths, both sides will embark on a diverse range of collaborative efforts centered around the sulfide solid-state electrolyte system. Their joint endeavors will focus on accelerating the industrial adoption and market penetration of high-performance solid-state electrolytes, thereby significantly bolstering their core competitiveness and securing a leading edge in the global solid-state battery key material industry chain.