Zheng Quan Ri Bao·2025-09-16 16:12Core Insights - Jiangsu Longpan Technology Group Co., Ltd. has secured a new contract for lithium iron phosphate cathode materials, indicating strong market demand and growth potential [2][3] Group 1: Contract Details - On September 15, Longpan Technology's subsidiary LBM NEW ENERGY (AP) PTE.LTD. signed a procurement cooperation agreement with CATL, committing to supply a total of 157,500 tons of lithium iron phosphate cathode materials from Q2 2026 to 2031 [2] - The estimated total sales amount for this contract exceeds 6 billion yuan based on current market prices [2] - The agreement is described as an intention-based contract, with demand forecasts subject to adjustments based on CATL's overseas project progress [2] Group 2: Recent Achievements - In 2023, Longpan Technology has established multiple long-term supply agreements, including contracts with LG Energy Solution and several other battery manufacturers, enhancing its market leadership [3] - In January, the subsidiary signed a supply agreement with Blue Oval for the period from 2026 to 2030, and another annual procurement agreement with CATL for 2025 with a cap of 7 billion yuan [3] - In May, a strategic cooperation agreement was signed with a subsidiary of Chuangneng New Energy, with a total sales amount exceeding 5 billion yuan [3] Group 3: Production Capacity and Market Position - Longpan Technology operates five domestic production bases for lithium iron phosphate cathode materials and has established a production base in Indonesia, with a phase one project of 30,000 tons starting mass production in 2025 [4] - The second phase of the 90,000-ton project in Indonesia is currently under active construction [4] - Industry experts suggest that these collaborations solidify Longpan Technology's market position and provide stable order guarantees for future business growth [4]