# Rongbai Technology
Latest news and articles about Rongbai Technology
Total: 2 articles found
A 120 Billion Yuan Promise That Wasn't: How a Lofty LFP Deal Exposed Corporate and Market Fault Lines
Rongbai Technology’s announcement that it would supply 3.05 million tonnes of LFP cathode material to CATL — purportedly worth over 1200 billion yuan — was built on an internal estimate rather than a binding contract. The Shanghai exchange and CATL questioned the claim, and the CSRC has opened an investigation into potential misleading disclosure, exposing governance weaknesses at Rongbai and broader risks from ambiguous industry framework agreements.
A Phantom RMB120bn Order: How a Cathode-Materials Supplier Briefly Hijacked China’s Battery Narrative
Rongbai Technology announced a headline RMB120 billion, six‑year supply intention to CATL that the buyer later described as non‑binding and not internally approved. Regulators have opened a formal probe after the company admitted the figure was an estimate and its current capacity falls far short of the volumes implied by the announcement. The incident highlights governance gaps at smaller suppliers and reputational risk for industry leaders amid rapid expansion and cooling prices in China’s LFP market.