FLASH: Farasis Energy to supply LFP batteries to an overseas auto manufacturer

On March 19, it was reported that Farasis Energy has recently officially signed a supply contract with a major overseas new energy vehicle manufacturer. According to the terms of the contract, starting from June of 2026, Farasis Energy will begin supplying SPS lithium iron phosphate (LFP) batteries to this overseas client. The signing parties have also reached an agreement on aspects such as purchase prices and delivery schedules.