[Accelerated Progress of 200,000 mt LFP Project] Full production is expected to be achieved by 2027. The market share of LFP is set to expand by 2025, with high-compaction products in high demand. The commercialization of LMFP batteries is accelerating, with a projected penetration rate exceeding 30% by 2030. A company in Panzhihua's 200,000 mt LFP project is a key project in Sichuan Province, with a total investment of 7.25 billion yuan. The project will be constructed in four phases, with full production expected by the end of 2027. It will form a production capacity of 200,000 mt of LFP, 200,000 mt of iron phosphate, and 300,000 mt of sulphuric acid. After reaching full production, the annual output value is expected to exceed 15 billion yuan. The first phase of the project is progressing smoothly, with mass production planned for the end of 2025, followed by gradual expansion. The project adopts a circular economy model, utilizing local raw materials to form a regional circular industry chain. It will strengthen technology through cooperation with other enterprises and, upon completion, become an important new energy material base in Southwest China.