Core Viewpoint - Longpan Technology (龙蟠科技) has experienced a significant stock price surge following the announcement of a major procurement agreement with CATL (宁德时代), which is expected to generate over 6 billion RMB in sales from 2026 to 2031 [1][2]. Group 1: Company Developments - Longpan Technology's subsidiary, Lithium Source (亚太), signed a procurement cooperation agreement with CATL for the supply of 157,500 tons of lithium iron phosphate cathode materials [2]. - The agreement is part of Longpan's strategy to deepen its global presence, with its Indonesian production base having commenced operations earlier this year [2]. - The company aims to establish long-term stable relationships with downstream partners and capture overseas market opportunities through this agreement [2]. Group 2: Market Trends - The demand for lithium iron phosphate (LFP) batteries has surged, particularly in the electric vehicle sector, due to their cost-effectiveness and safety [5]. - Longpan Technology has been proactive in this trend, launching advanced products like the fourth-generation high-pressure product "S501" and the "S526" with reduced energy consumption and production cycles [5]. - Industry experts predict that the market share of LFP batteries will continue to grow, especially in overseas markets where penetration rates remain low [6]. Group 3: Financial Performance - Longpan Technology's H-shares have increased by over 170% this year, while its A-shares have risen by more than 64% [6].