Mei Ri Jing Ji Xin Wen·2025-09-16 09:21Core Viewpoint - Longpan Technology has secured significant contracts for lithium iron phosphate cathode materials, indicating a strong demand shift towards this technology in the global battery market [1][2]. Group 1: Company Developments - Longpan Technology's subsidiary, Lithium Source Asia Pacific, signed a procurement cooperation agreement with CATL, with an estimated total sales amount exceeding 6 billion yuan [1]. - The company previously signed a contract with Eve Energy, projecting total sales exceeding 5 billion yuan for 15.2 million tons of lithium iron phosphate cathode materials from 2026 to 2030 [3][4]. - Longpan Technology's overseas production capacity is expanding, with a 30,000-ton project already operational and plans for additional capacity in Indonesia [4]. Group 2: Industry Trends - The global market is witnessing a shift from nickel-cobalt-based batteries to lithium iron phosphate batteries, with projections indicating that by mid-2025, lithium iron phosphate will hold an 84% market share in China's power battery installations [1]. - Korean manufacturers are beginning to develop lithium iron phosphate batteries, as evidenced by their 39.2% market share in global power battery installations, totaling 66.4 GWh from January to May 2025 [2]. - The overseas production capacity for lithium iron phosphate cathode materials remains limited, prompting manufacturers to secure agreements to lock in supply [2].