GEM and Xiamen Tungsten New Energy partner on battery material supply

GEM Co., Ltd. announced a strategic cooperation framework agreement with Xiamen Tungsten New Energy Materials Co., Ltd., signed on October 24, 2025. This agreement aims to establish a long-term partnership for the supply of key battery materials for consumer electronics, power, low-altitude aircraft, eVTOL, AI, and robotics sectors.

Under the agreement, GEM expects to supply Xiamen Tungsten New Energy with 150,000 tonnes of various battery raw materials and material products annually from 2026 to 2028, totaling 450,000 tonnes over three years. This supply includes cobalt chloride, nickel sulfate, tricobalt tetraoxide, ternary precursors, and lithium carbonate/lithium phosphate, all incorporating recycled content.

The companies will also collaborate on advanced battery raw material and material supply, global capacity layout, and product research and development. This partnership is expected to enhance supply stability, reduce costs, and jointly address market challenges for high-performance battery materials.