CATL(SZ:300750) Mei Ri Jing Ji Xin Wen·2025-09-30 06:14Core Viewpoint - CATL (Contemporary Amperex Technology Co., Limited) is making a significant investment in Jiangxi Shenghua New Materials Co., Ltd., aiming to acquire a controlling stake through a capital increase of 35.6 billion yuan, with CATL contributing 25.63 billion yuan to hold 51% of the shares [1][4]. Group 1: Investment Details - CATL and Fulin Precision (Fulin Jinggong) plan to jointly invest in Jiangxi Shenghua, with Fulin contributing 10 billion yuan and CATL 25.6 billion yuan, resulting in CATL becoming the controlling shareholder [4]. - This investment follows CATL's initial strategic investment of 4 billion yuan in March, which allowed it to acquire an 18.78% stake in Jiangxi Shenghua [4][5]. Group 2: Strategic Importance - The repeated investment by CATL in Jiangxi Shenghua is attributed to the latter's focus on high-pressure dense lithium iron phosphate materials, which are expected to enhance profitability and industry standing [6]. - CATL's strategy includes securing production capacity for lithium iron phosphate materials through advance payments, ensuring that Jiangxi Shenghua prioritizes production for CATL's requirements [5][6]. Group 3: Market Context - High-pressure dense lithium iron phosphate materials accounted for over 10% of the market share last year, indicating a growing demand for this technology [6][7]. - Fulin Precision is also preparing for the increased production of high-pressure dense lithium iron phosphate, projecting a revenue of 4.829 billion yuan in 2024, with a production capacity of 144,200 tons [7].