Despite the declining market price of lithium iron phosphate, there has been a surge in large long-term agreement orders. Companies like Longpan Technology and Wanrun Xinneng have successively inked significant deals, underscoring the persistent growth in market demand. Industry experts anticipate that this trend will expedite the restructuring of the industry. Concurrently, frontrunners such as Hunan Yuneng and Fulin Jinggong are exploring new avenues for growth through research and development innovations, as well as the expansion of high-end production capacity.