CATL signs $17.2 billion lithium order as world's largest EV battery maker secures key material supply
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CATL has signed a $17.2 billion agreement with Ronbay to supply 3.05 million tons of LFP cathode material from 2026 to 2031. This order is the largest in the lithium and battery industries. Additionally, CATL plans to invest in Fulin Precision Machining, acquiring over 5% of its shares to support high-end LFP material production. This move comes amid a significant rise in lithium prices in China, with battery-grade lithium carbonate prices increasing by 73% since December.
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