Core Viewpoint - Ningbo Ronbay New Energy Technology Co., Ltd. has signed a procurement cooperation agreement with CATL to supply approximately 3.05 million tons of lithium iron phosphate cathode materials from Q1 2026 to 2031, with a total sales amount exceeding 120 billion CNY [1]. Group 1: Agreement Details - The agreement stipulates that Ronbay will supply lithium iron phosphate cathode materials to CATL, with a total sales value exceeding 120 billion CNY [1]. - The supply is set to begin in the first quarter of 2026 and will continue until 2031, indicating a long-term partnership between the two companies [1]. Group 2: Company Background - Ronbay Technology is a leading manufacturer of ternary cathode materials and is involved in the research, production, and sales of various battery materials, including lithium iron phosphate and sodium battery materials [4]. - The company plans to officially enter the lithium iron phosphate sector in the first half of 2025 [4]. Group 3: Market Context and Implications - The order's magnitude and demand are notable within the lithium battery industry, highlighting a strong market for lithium iron phosphate products amid growing demand in the power battery and energy storage markets [5]. - Ronbay has indicated that the execution of this agreement is expected to have a positive and significant impact on the company's future operating performance, enhancing its stability and cyclical resilience [5].