Wanhua Chemical breaks ground on battery materials industrial park
2025-02-27 16:55:09 [Print]
On February 24, Wanhua Chemical (Yantai) Battery Industry Co., Ltd. kicked off constriction of a battery material industrial park in Haitai, Shandong.
With a total investment of RMB16.8 million (USD2.31 million), the project would cover a land area of 1,850Mu (123 hectares) and build production lines for 500,000tpa of LFP cathode materials and 300,000tpa of synthetic graphite anode material.
The company plans to invest RMB700 million (USD96.43 million) in the project this year and put the first 100,000tpa LFP production line into operation by June 2026, with the industrial park scheduled to become fully operational in December 2032.
The company expects to accelerate the R&D and commercial production of the 4th and 5th generations of LFP products after the project comes on stream.
With a total investment of RMB16.8 million (USD2.31 million), the project would cover a land area of 1,850Mu (123 hectares) and build production lines for 500,000tpa of LFP cathode materials and 300,000tpa of synthetic graphite anode material.
The company plans to invest RMB700 million (USD96.43 million) in the project this year and put the first 100,000tpa LFP production line into operation by June 2026, with the industrial park scheduled to become fully operational in December 2032.
The company expects to accelerate the R&D and commercial production of the 4th and 5th generations of LFP products after the project comes on stream.
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