On July 12th, China Mobile announced the winning bid for centralized procurement of lithium iron phosphate battery products for communication from 2021 to 2022. Topband won the bid successfully, with a winning share of 8.33% and a total winning price of about 175 million yuan (excluding tax).
This bid is the cooperation between Topband and China Mobile after winning the bid of "China Mobile's Centralized Procurement Project of Lithium Iron Phosphate Battery for Base Stations Other than Tower in 2017-2018" in 2018, which will have a positive impact on the expansion of Topband communication power backup business, help to further consolidate Topband’s dominant position in the field of communication power backup, and improve the market visibility of lithium battery business.
With the acceleration of the construction of 5G base stations, the demand for lithium batteries for communication will continue to increase substantially. Topband will continue to maintain its leading position in the market of communication base stations, continuously explore the business of lithium batteries for communication at home and abroad, and help the global 5G construction with high-quality lithium batteries.