智通财经网·2026-01-13 11:33Core Viewpoint - Rongbai Technology (688005.SH) has signed a binding procurement cooperation agreement with CATL for the supply of lithium iron phosphate cathode materials, with a total sales amount exceeding 120 billion yuan [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 from Q1 2026 to 2031 [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 explosive growth in 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 - Rongbai Technology'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 energy 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 fifth-generation products, which are now entering the application development stage [1]