Ronbay Secures 3.05 Million Ton LFP Order from CATL Worth Over RMB 120 Billion

On January 13, Ronbay Technology (SHA: 688005) announced it had signed a supply agreement with Contemporary Amperex Technology Co. Limited (CATL, SZSE: 300750) for lithium iron phosphate (LFP) cathode materials, with an estimated total volume of 3.05 million metric tons and a contract value exceeding RMB 120 billion. This collaboration marks a deep strategic alignment between the two companies in the new energy battery materials sector and underscores the growing significance of the LFP battery technology pathway. Notably, Ronbay previously focused primarily on ternary cathode materials, and this order will help the company expand its presence in the LFP market. On the same day, the Shanghai Stock Exchange issued an inquiry letter late at night, requesting the company to disclose specific details of the agreement and conduct a self-examination regarding potential insider trading or stock price manipulation through contract-related speculation. The exchange stated it would decide whether to initiate disciplinary action based on the company’s response.