LOPAL(SH:603906) Ge Long Hui A P P·2025-09-16 11:35Core Viewpoint - Longpan Technology has signed a significant procurement cooperation agreement with CATL for the supply of 157,500 tons of lithium iron phosphate cathode materials, with a total contract value exceeding 6 billion yuan, enhancing its position in the overseas market [1][2]. Group 1: Company Developments - Longpan Technology's subsidiary, Lithium Source (Asia Pacific), is the only lithium iron phosphate cathode material factory outside China, having secured nearly 10 billion yuan in orders from LG Energy last year [2]. - The company has been recognized for its "12,000 tons LFP cathode material industry project" in Indonesia, which was included in the 2025 BRICS countries' industrial cooperation case list [2]. - Longpan Technology is actively expanding its production capacity, planning to raise up to 2 billion yuan for two high-performance phosphate projects, adding a total annual capacity of 195,000 tons [4]. Group 2: Market Trends - The lithium iron phosphate battery market is experiencing rapid growth, with expectations that China's lithium iron phosphate battery shipments will exceed 1.3 TWh by the end of the year, driving upstream phosphate cathode material shipments to over 3.5 million tons, a year-on-year increase of over 45% [2]. - The company is focusing on research and development in cutting-edge technologies, including solid-state batteries and advanced cathode materials, to secure a competitive edge in the market [3]. - Longpan Technology's new high-density lithium iron phosphate materials are expected to significantly improve production efficiency and reduce manufacturing costs, potentially becoming a new growth point for sales and profits [3].