Capital increase of 2.2 billion! Wanhua Chemical goes all out, aggressively attacking the battery materials sector

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On June 5, the registered capital of Wanhua Chemical (Yantai) Battery Industry Co., Ltd. increased from 1.8 billion yuan to 4 billion yuan, an increase of 122%. The company is the core entity for the group's battery material investment and operations, controlling over a dozen new energy enterprises, and primarily engaged in lithium iron phosphate, battery chemicals, etc.

Multi-point Layout in Shandong, Two manufacturing Parks Advancing Steadily

1. Binzhou: On June 5, Wanhua (Binzhou) New Energy Materials Co., Ltd. was newly established with a registered capital of 510 million yuan to serve the regional multi-billion yuan battery material environmentally friendly power manufacturing park project.

2. Laizhou: Multiple new energy companies were established within the year. The environmental impact assessment to the 650,000-ton lithium iron phosphate project has been accepted, aiming to build a extensive clean energy manufacturing cluster.

3. Haiyang: The first phase of the environmentally friendly Power manufacturing Park, a 100,000 tons/year lithium iron phosphate project, has been put into production, and the second phase, a 200,000-ton project, has commenced construction. Multiple units are expected to start production within the year.

Strong Cross-provincial Alliances, Building a Complete manufacturing Chain in Hubei

Wanhua and Xingfa Group formed a joint venture to establish a new energy company. A project with an annual output of 240,000 tons of iron phosphate is under construction and is expected to commence production in 2027. The two parties have started a 600,000-ton iron phosphate manufacturing chain project with a total investment of 15 billion yuan, deeply cultivating the field of lithium battery cathode materials.

Capacity and Product Progress

1. Capacity: In 2026, the newly added lithium iron phosphate capacity is expected to be 820,000 tons. In 2027, the goal is to sprint towards a dual-million-ton capacity to both iron phosphate and lithium iron phosphate.

2. items: Lithium iron phosphate is being supplied in bulk to leading battery cell manufacturers. Anode materials and sodium-ion battery cathode materials have completed market verification.

3. Upstream Supporting: Cooperating with Luyin Investment to build a high-purity metal powder project to ensure the self-sufficiency of lithium battery raw materials.

Investment Planning

Wanhua Chemical plans to invest 2.22 billion yuan externally in 2026, focusing on battery materials, new materials, and international business. The pace of expansion in the new energy sector continues to accelerate.

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