Zhi Tong Cai Jing·2025-09-15 13:22Core Viewpoint - Longpan Technology (603906.SH) announced a procurement cooperation agreement with CATL for the supply of lithium iron phosphate cathode materials, indicating a significant business development in the energy sector [1] Group 1: Agreement Details - The agreement involves LBM NEW ENERGY (AP) PTE. LTD. (referred to as "Lithium Source (Asia Pacific)") selling a total of 157,500 tons of lithium iron phosphate cathode materials to CATL from Q2 2026 to 2031 [1] - The sales volume will be adjusted based on the progress of CATL's overseas projects and forecasted demand, with final procurement amounts to be confirmed through subsequent contracts [1] - The total sales amount is estimated to exceed RMB 6 billion based on projected quantities and market prices [1] Group 2: Strategic Implications - This partnership highlights the growing demand for lithium iron phosphate materials in the electric vehicle and energy storage sectors, aligning with industry trends towards sustainable energy solutions [1] - The collaboration with a leading company like CATL positions Longpan Technology favorably within the competitive landscape of the new energy market [1]