High-end lithium iron phosphate products in short supply, with orders totaling over 240 billion yuan in the past year.

The lithium iron phosphate market continues to explode. Over the past year, many battery manufacturers such as CATL, BYD, EVE Energy, Xinwanda, and CENAT New Energy have been frantically purchasing lithium iron phosphate materials. According to statistics, the total scale of lithium iron phosphate materials purchased by these few manufacturers has reached 6 million tons, with an order amount exceeding 240 billion yuan. "The supply of mid-to-high-end lithium iron phosphate products is in short supply." Companies such as Longpan Technology, Wanrun New Energy, Fulin Precision, Fengyuan Co., and Rongbai Technology have received so many orders that their factories are running at full capacity.