Ronbay Technology(SH:688005) Mei Ri Jing Ji Xin Wen·2026-01-19 16:04Core Viewpoint - The article discusses the challenges and strategic decisions of Rongbai Technology, led by Bai Houshan, in the context of the rapidly evolving lithium battery market, particularly focusing on the competition between high-nickel ternary materials and lithium iron phosphate (LFP) technology [2][4][5]. Group 1: Company Background - Bai Houshan, a significant figure in the new energy sector, previously served as the general manager of Dingsheng Technology and is now the chairman of Rongbai Technology [2][3]. - Rongbai Technology has a historical focus on high-nickel ternary materials but is now facing challenges due to the rise of LFP technology [4][5]. Group 2: Strategic Decisions and Market Position - Rongbai Technology signed a long-term supply agreement with CATL, with a total contract value expected to exceed 120 billion yuan [2]. - The company has been questioned about its ability to fulfill this large order given its reliance on recently acquired technology and uncompleted production capacity [8][10]. - The market has shifted towards LFP materials, which dominate the power battery sector, while Rongbai's previous focus on high-nickel and manganese iron lithium materials has not aligned with current market trends [5][7]. Group 3: Future Plans and Production Capacity - Rongbai Technology's production capacity plan for 2025 includes 600,000 tons of high-nickel materials, 300,000 tons of manganese iron lithium materials, and 100,000 tons of sodium battery materials [6]. - The company has made investments in Shanghai Liangfu New Energy Technology Co., which possesses LFP production technology, and is in the process of acquiring Guizhou Xinren New Energy Technology Co. for additional capacity [9][10]. - As of October 2025, Rongbai Technology has begun trial production at Guizhou Xinren, producing multiple generations of products, although the acquisition is not yet finalized [10].