Longpan Technology plans to invest in the construction of a lithium iron phosphate production base with an annual capacity of 240,000 tons in the Hua Luogeng High-tech Industrial Development Zone in Jintan, Jiangsu Province. PriceSeek's analysis of lithium iron phosphate, with a long-short rating of -1: Longpan Technology plans to invest in the construction of a lithium iron phosphate production base with an annual capacity of 240,000 tons in the Hua Luogeng High-tech Industrial Development Zone in Jintan, Jiangsu Province. The additional capacity will significantly increase market supply. Although the demand growth in the electric vehicle market remains stable, the pace of supply expansion may exceed the rate of demand growth, leading to downward pressure on spot prices. This news generally exerts bearish pressure on the lithium iron phosphate spot market, with prices expected to face short-term correction risks.