Core Viewpoint - Wanrun New Energy has signed a business cooperation agreement with CATL to supply approximately 1.32 million tons of lithium iron phosphate products from May 2025 to 2030, with a commitment from CATL to purchase at least 80% of the agreed amount monthly [1] Group 1: Company Overview - Wanrun New Energy, established in 2010, focuses on the research and production of new energy battery cathode materials and their precursors, becoming a leading player in the lithium iron phosphate cathode material sector in China [1] - The company's main products include lithium iron phosphate, iron phosphate, and sodium-ion battery cathode materials, widely used in power batteries for electric vehicles and energy storage [1] Group 2: Product Performance - In 2024, Wanrun New Energy's lithium iron phosphate product shipment reached 228,200 tons, representing a year-on-year growth of 39.07%, with both production capacity and sales scale ranking among the industry leaders [1] - High-density lithium iron phosphate is a high-performance cathode material that can achieve a packing density of over 2.6 g/cm³, with some advanced products exceeding 2.7 g/cm³, significantly enhancing battery energy density and fast charging performance [1] Group 3: Industry Trends - The demand for energy density optimization has become a focal point in the industry due to the increasing requirements for range and charging efficiency in electric vehicles [1] - The high-density lithium iron phosphate technology is viewed as a new competitive edge, with leading domestic companies having developed to the fourth generation of this technology and entering customer validation stages [1]