Zhi Tong Cai Jing·2026-01-13 11:33Core Viewpoint - Rongbai Technology (688005.SH) has signed a binding procurement cooperation agreement with CATL (300750) for the supply of lithium iron phosphate cathode materials, with a total sales amount exceeding 120 billion yuan from Q1 2026 to 2031 [1] Group 1: Agreement Details - The agreement stipulates that Rongbai Technology will supply a total of 3.05 million tons of lithium iron phosphate cathode materials to CATL [1] - The total sales amount of the agreement is projected to exceed 120 billion yuan [1] Group 2: Market Potential - There is significant growth potential for lithium iron phosphate batteries in overseas markets [1] - The development of solar cells and energy storage battery technologies, along with advancements in AI, is driving down costs and contributing to the explosive growth of the energy storage industry [1] - The development of the power and storage markets indicates that lithium iron phosphate still has a vast market space [1] Group 3: Product Performance - The company's lithium iron phosphate products exhibit excellent performance and revolutionary technology, leading the industry in key performance indicators such as iron leaching rate, first efficiency, and packing density [1] - The products are widely applicable in energy storage and power, particularly in high-end storage and power sectors [1] - The company has completed the key development and application of third and fourth generation products and has achieved internal testing standards for the fifth generation products, which are now entering the application development phase [1]