Zheng Quan Ri Bao Wang·2025-09-19 12:54Group 1 - The core point of the news is the signing of a 1.5 billion yuan prepayment agreement between Fujian Precision Engineering and CATL, aimed at securing lithium iron phosphate supply and enhancing competitive material construction [1][2] - The prepayment agreement signifies CATL's recognition of Fujian Precision Engineering's lithium iron phosphate products, which will help Fujian Precision expand production capacity and increase market share [2] - The order amount is considered significant within the industry, highlighting Fujian Precision's important position in the lithium iron phosphate supply sector [2] Group 2 - In August, China's power battery installation volume reached 62.5 GWh, with lithium iron phosphate batteries accounting for 51.6 GWh, representing 82.5% of the total, showing a month-on-month increase of 14.8% and a year-on-year increase of 47.3% [2] - Lithium iron phosphate batteries are recognized for their high thermal stability, chemical stability, and safety, along with a long cycle life, making them suitable for various applications in passenger vehicles, commercial vehicles, and energy storage [3] - The future prospects for lithium iron phosphate batteries are promising, with expectations to become a significant development direction in the power battery market due to their low cost and high safety [3]