Leading companies in the lithium iron phosphate industry are raising prices.

Recently, several leading companies in the lithium iron phosphate industry have proposed price increases. A lithium iron phosphate industry insider told reporters that the price increase proposals from various companies recently are rational demands of the industry, but the final outcome depends on the specific results of industry chain negotiations and consultations. "For a long time, the lithium iron phosphate industry has been squeezed as the 'middle layer' of the industry chain, suffering from pressure at both ends, and in recent years it has been generally in a state of loss. Only with healthy and orderly development of the lithium iron phosphate industry can it ultimately benefit the long-term high-quality development of the lithium battery industry chain."