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On November 3, Huitian New Material made a public announcement, revealing that it had inked a Strategic Cooperation Agreement with Chongqing Tailan New Energy Co., Ltd. The two entities are set to embark on a strategic partnership within the realm of solid-state batteries and their pivotal materials. This collaboration is poised to encompass a wide array of facets, including joint research and development endeavors, product sales initiatives, and capital cooperation ventures. It's important to note that this agreement serves as a framework, meaning the ultimate nature of the cooperation and its pace of advancement are still subject to change. Consequently, it is not anticipated to exert a substantial influence on the company's financial standing and operational outcomes for the fiscal year 2025.
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