富临精工40亿扩产高压密磷酸铁锂，抢占高端市场先机

Core Insights - Fulin Precision Industry announced a significant investment of 4 billion yuan to establish a new high-pressure dense lithium iron phosphate project with an annual capacity of 350,000 tons, further deepening its presence in the high-end lithium iron phosphate market [1] Group 1: Capacity Expansion and Market Position - Jiangxi Shenghua currently has a production capacity of 300,000 tons of high-pressure dense lithium iron phosphate, and the new project will increase this capacity to 650,000 tons, solidifying its leading position in the high-end market [2] - The high-pressure dense lithium iron phosphate is an upgraded product with advantages such as high capacity and long cycle life, which can enhance battery energy density and fast charging performance, aligning with the growing demand in the electric vehicle market [2] Group 2: Strategic Partnerships and Order Security - Fulin Precision has established a deep partnership with CATL, ensuring strong order support for the new project, with CATL committing to purchase no less than 80% of the promised capacity from Jiangxi Shenghua from 2025 to 2029 [3] - In addition to CATL, Jiangxi Shenghua also supplies major battery companies like BYD and Honeycomb Energy, enhancing its brand influence and market competitiveness [3] Group 3: Technological Advantages and Cost Optimization - Jiangxi Shenghua is a pioneer in the oxalic acid iron technology route for lithium iron phosphate production, utilizing a solid-phase method that results in lower energy consumption and simpler processes [4] - The first phase of the new project will be co-built with Chuanfa Longmang, which has nearly 40 years of experience in the phosphorous chemical industry, further optimizing production costs through strategic partnerships [4] Group 4: Industry Dynamics and Future Outlook - The lithium iron phosphate industry is transitioning from a "price war" to a "value war," with leading companies increasing high-end capacity, which may lead to a restructuring of profit distribution in the industry [5] - Fulin Precision, with its technological advantages, strong customer ties, and cost optimization capabilities, is well-positioned to emerge as a leader in the high-end lithium iron phosphate market amidst structural capacity shortages [5]