Chang Jiang Shang Bao·2026-01-16 02:46Core Viewpoint - The arrival of the new energy era is marked by significant developments in the industry, particularly with CATL's (Ningde Times) substantial procurement orders and strategic investments, which aim to strengthen its market position and build a robust supply chain [2][3]. Group 1: Procurement Agreements - CATL signed a procurement agreement with Rongbai Technology to supply approximately 3.05 million tons of lithium iron phosphate from Q1 2026 to 2031, with a total sales amount exceeding 120 billion yuan [3][4]. - The average annual supply of over 500,000 tons enhances the operational stability for Rongbai Technology and secures a stable supply of core materials for CATL, mitigating risks related to production capacity and raw material price fluctuations [3][4]. Group 2: Strategic Investments - CATL plans to invest 3.175 billion yuan in Fulin Precision to become a significant shareholder, further solidifying its strategic partnerships and enhancing its supply chain [2][6]. - The investment will support Fulin Precision's projects, including a 500,000-ton high-end lithium iron phosphate project and various key components for electric drive systems and robotics [8][9]. Group 3: Technological Collaboration - The collaboration between CATL and Rongbai Technology includes sharing technical resources and jointly developing next-generation lithium iron phosphate materials, which will enhance both companies' competitive advantages [8][9]. - Rongbai Technology's innovative production process reduces production steps from 15 to 6, lowering investment costs by approximately 40% and energy consumption by about 30%, positioning it favorably in the market [4]. Group 4: Market Position and Future Outlook - CATL's market share in the global power battery sector reached 38.1% in early 2025, with its energy storage battery production leading globally [11]. - The company has secured long-term contracts for 250 GWh of energy storage, with expected revenues exceeding 120 billion yuan, further solidifying its leading position in the industry [10][11].