Mei Ri Jing Ji Xin Wen·2026-01-05 15:35Core Viewpoint - Fujin Precision Industry plans to invest 6 billion yuan in a new high-end lithium iron phosphate project in Inner Mongolia, aiming to produce 500,000 tons annually, which aligns with the growing demand for high-performance energy storage solutions [2][3]. Investment Project Overview - Jiangxi Shenghua New Materials Co., Ltd. intends to sign an investment cooperation agreement with the local government to establish a production line for 500,000 tons of high-end lithium iron phosphate, with a total investment of 6 billion yuan [3]. - The project will be developed in two phases, each producing 250,000 tons of lithium iron phosphate, and both phases will be implemented simultaneously [3]. - This investment is expected to enhance the company's capacity and market scale in the lithium iron phosphate sector, solidifying its position in the industry [3]. Strategic Partnerships - This investment marks the first significant investment in Jiangxi Shenghua since CATL's capital increase and share expansion, which will result in CATL holding a 51% stake in Jiangxi Shenghua [4]. - The project is tentatively named "Inner Mongolia Times Fujin," reflecting CATL's branding style [4]. Industry Trends - The trend towards high-pressure dense lithium iron phosphate for energy storage is confirmed, with advantages over traditional lithium iron phosphate batteries, particularly in cost savings by eliminating copper and aluminum foil [5][6]. - Fujin Precision's revenue from lithium battery materials reached 4.829 billion yuan in 2024, a year-on-year increase of 71.99%, with high-pressure dense lithium iron phosphate accounting for 100% of this revenue [6]. Additional Investments - Jiangxi Shenghua's investment also includes plans for other segments of the high-pressure dense lithium iron phosphate supply chain, such as establishing projects for producing 400,000 tons of lithium iron phosphate precursors and 600,000 tons of ferrous oxalate precursors in collaboration with local governments [6]. - These initiatives aim to secure upstream raw material supply and optimize costs, enhancing the company's competitive edge and sustainable development in the lithium iron phosphate sector [6].