Ju Chao Zi Xun·2026-01-14 02:57Core Viewpoint - Fulin Precision has announced a strategic partnership with CATL, involving a private placement of shares to strengthen collaboration in the new energy sector and optimize resource integration [2][4]. Group 1: Cooperation Background - Fulin Precision specializes in automotive engine components, new energy vehicle intelligent control, and lithium iron phosphate materials, establishing itself as a key supplier in the new energy vehicle sector [3]. - CATL has been the global leader in power battery usage for eight consecutive years, with a market share of 37.9% in 2024, and has a strong presence in the energy storage battery market with a 36.5% share [3]. - The partnership builds on an existing stable relationship, with Fulin Precision recognized as an excellent supplier by CATL for 2024 and 2025 [3]. Group 2: Transaction Details - Fulin Precision plans to issue 233,149,124 shares at a price of 13.62 yuan per share, raising a total of 3.175 billion yuan for various projects, including high-end energy storage lithium iron phosphate production [5]. - Following the issuance, CATL will hold 12% of Fulin Precision's shares and will have the right to nominate a non-independent director to the board [5]. Group 3: Strategic Cooperation Highlights - The strategic cooperation agreement outlines a five-year collaboration, with CATL committing to purchase at least 3 million tons of high-density lithium iron phosphate from Fulin Precision over the next three years [6]. - Both companies will share R&D resources and collaborate on new battery technologies, including solid-state and sodium-ion batteries [6]. - CATL will support Fulin Precision in securing stable supplies of lithium salt raw materials and assist in the development of precursor materials [6][7]. Group 4: Termination of Previous Restructuring - Fulin Precision has decided to terminate the planned capital increase and major asset restructuring of its subsidiary, Jiangxi Shenghua New Materials, to focus on a more integrated partnership at the listed company level [8]. - This strategic shift is expected to enhance the efficiency of both companies and accelerate the construction of high-density lithium iron phosphate production capacity [8].