鑫椤锂电·2025-05-20 08:16Core Viewpoint - Wanrun New Energy has signed an agreement with CATL to supply approximately 1.32 million tons of lithium iron phosphate products from May 2025 to 2030, indicating a strong long-term partnership in the new energy market [1][2]. Group 1: Company Overview - Wanrun New Energy primarily produces cathode materials and precursors for lithium-ion power batteries and energy storage batteries, focusing on lithium iron phosphate and iron phosphate [2]. - In 2023, Wanrun New Energy's lithium iron phosphate shipment volume was 228,200 tons, generating sales revenue of approximately 7.267 billion yuan, accounting for 98.93% of its main business revenue [1]. Group 2: Financial Performance - In 2024, Wanrun New Energy reported operating revenue of 7.523 billion yuan, a year-on-year decrease of 38.21%. However, in the first quarter of 2025, revenue reached 2.278 billion yuan, reflecting a significant year-on-year increase of 97.30% [2]. Group 3: Market Dynamics - The demand for lithium iron phosphate is increasing, driven by the energy storage market, making it a preferred technology route for domestic and international automakers [2]. - CATL has been actively signing supply agreements with various automakers, including a five-year supply agreement with Ford and a memorandum of cooperation with Honda China, indicating a robust demand for lithium iron phosphate batteries [2].