CATL(SZ:300750) Huan Qiu Wang·2025-06-08 03:17Group 1 - Fujin Precision Engineering's subsidiary Jiangxi Shenghua signed a supplementary agreement with CATL to revise a previous business cooperation agreement, with CATL paying a prepayment of 500 million yuan to support the construction of production capacity [1] - The revised agreement allows Jiangxi Shenghua to prioritize supplying 100% of its production capacity to CATL from 2025 to 2029, with a minimum annual procurement volume of 80% of the committed capacity [1] - This collaboration is expected to enhance the company's competitiveness and positively impact its performance if executed smoothly [1] Group 2 - The lithium iron phosphate (LFP) sector is witnessing significant long-term contracts, with Wanrun New Energy securing a major order from CATL for approximately 1.32 million tons of supply from 2025 to 2030, valued at over 40 billion yuan [3] - Other companies like Longpan Technology and BYD are also entering into substantial agreements for LFP supply, indicating a growing trend in the industry [3] - The dominance of LFP batteries is solidifying, with LFP battery installation in China's power battery sector reaching 150.0 GWh in the first four months of the year, accounting for 81.4% of total installations, and showing an 88.0% year-on-year growth [4] Group 3 - The global energy storage market is increasingly adopting LFP batteries, with projections indicating that LFP will account for 92.5% of global energy storage batteries by 2024 [4] - Major international automakers are shifting towards LFP technology, with Volkswagen announcing that all its electric vehicle models will use LFP batteries starting in 2026 [4] - The industry is experiencing a divergence in market dynamics, with high-end products becoming crucial for success, while low-end capacities face elimination due to changing supply-demand relationships [4]