Zheng Quan Shi Bao Wang·2025-05-21 03:06Group 1: Business Cooperation and Supply Agreements - Company signed a business cooperation agreement with CATL, expecting to supply approximately 1.32 million tons of lithium iron phosphate products from May 2025 to 2030, ensuring sales for the next five years [1] - The average annual order scale from CATL exceeds the current annual shipment level of the company, indicating a positive impact on current and future operating performance [1] Group 2: Sodium-ion Battery Development - Company has achieved over 200 tons of sodium-ion material shipments in 2024, with applications in small electric vehicles and low-speed four-wheelers [2] - The sodium-ion battery market is expected to grow significantly, with demand in the power sector projected to reach 38 GWh by 2029, translating to a market size of approximately 15.2 billion yuan [2] - Company is actively developing various sodium-ion battery cathode materials and has ranked seventh in sodium-ion cathode shipments in China for 2024 [3] Group 3: Market Performance and Production Capacity - In the first four months of 2024, China's power battery sales reached 303.9 GWh, with lithium iron phosphate batteries accounting for 81.4% of the total, reflecting a year-on-year growth of 88% [4] - Company achieved a shipment of 74,000 tons in the first quarter of 2024, a 138% increase year-on-year, with expectations for further growth in the second quarter [4] - The company is advancing its U.S. project, focusing on design, approvals, equipment procurement, and customer negotiations, aiming to enhance global competitiveness [4] Group 4: Competitive Positioning - With the introduction of large orders and increased capacity utilization, the company is expected to enhance its market share and competitiveness through long-term cooperation with CATL and ongoing technological iterations [5]