Hubei Wanrun New Energy Technology (SH:688275) 鑫椤锂电·2025-08-12 08:05Core Viewpoint - Wanrun New Energy has successfully launched its 120,000-ton lithium iron phosphate production capacity at its Shandong base, driven by strong downstream demand, leading to high production capacity utilization [1] Group 1: Company Overview - Wanrun New Energy focuses on cathode materials and their precursors for power batteries and energy storage batteries, including lithium iron phosphate, iron phosphate, sodium-ion battery materials, and lithium manganese iron phosphate [1] - The company has been actively expanding its customer base in the first half of the year, with expectations of maintaining high production capacity utilization in the third quarter due to increased orders from strategic customers and successful onboarding of new clients [1] Group 2: Technological Developments - Wanrun New Energy has applied for multiple patents related to high energy density cathode materials and coating technologies, some of which can serve the material needs of solid-state batteries [1] - The company has made advancements in high nickel ternary and lithium-rich manganese-based high energy density cathode materials to meet the requirements of solid-state batteries for high voltage windows and long cycle life [1]