wanhua(SH:600309) 鑫椤储能·2026-01-21 06:31Core Viewpoint - Wanhua Chemical Group has established a new subsidiary focused on the research and development of electronic specialty materials, indicating a strategic expansion into high-tech materials for electronics and energy storage applications [1][4]. Group 1: Company Establishment and Focus - Wanhua Chemical Group (Laizhou) New Energy Materials Technology Co., Ltd. was established with a registered capital of 740 million RMB, focusing on the R&D, manufacturing, and sales of electronic specialty materials [1][2]. - The company is wholly owned by Wanhua Chemical (Yantai) Battery Industry Co., Ltd., emphasizing its integration within Wanhua's broader business structure [2]. Group 2: Lithium Battery Material Projects - Wanhua Chemical is advancing two major lithium battery material projects: a 650,000-ton lithium iron phosphate project and a 200,000-ton lithium iron phosphate project at the Green Power Industrial Park, both of which have had their environmental impact assessments accepted by the Yantai Ecological Environment Bureau [2][3]. - The company aims to achieve a production capacity of 1 million tons of lithium iron phosphate and lithium iron phosphate by 2027, showcasing its commitment to scaling up production in the lithium battery sector [5]. Group 3: Strategic Partnerships - On January 13, 2026, Wanhua Chemical signed a strategic cooperation agreement with Juren New Materials, designating Juren as a strategic supplier for PCL (polycaprolactone) materials, which are critical for various applications including biodegradable products and electronic materials [6][10]. - Juren New Materials has established itself as the largest domestic supplier of PCL, with a market share increase from 35.19% in 2022 to 37.21% in 2023, indicating strong competitive positioning in the market [10]. Group 4: Research and Development Capabilities - Wanhua Chemical has assembled a research team of over 500 personnel dedicated to battery materials, focusing on the development of both anode and cathode materials, and has introduced third and fourth-generation lithium iron phosphate products [5]. - The company has also developed unique technologies for silicon-carbon anodes and is one of the few in China capable of supplying third-generation lithium iron phosphate [5]. Group 5: Future Developments - Wanhua Chemical plans to establish additional companies in 2024, including Wanhua Chemical Group (Penglai) Trading Co., Ltd. and Wanhua Chemical Group (Shenzhen) Technology Co., Ltd., further expanding its focus on electronic specialty materials [7]. - The establishment of the Wanhua Shenzhen Research Institute will enhance R&D capabilities in electronic materials, synthetic biology, battery materials, and specialty chemicals [7].