Fulian Precision Machinery (300432.SZ) announced that its controlling subsidiary, Jiangxi Shenghua, has signed a with CATL. CATL will pay a prepayment of 1.5 billion yuan to lock in the supply volume of lithium iron phosphate and support Jiangxi Shenghua's raw material construction layout. This move deepens the strategic cooperation between the two parties in the field of lithium iron phosphate materials and is expected to have a positive impact on the company's performance.