wanhua(SH:600309) 鑫椤储能·2026-02-03 06:25Core Viewpoint - The article highlights the significant investment by Wanhua Chemical in lithium iron phosphate (LFP) production, emphasizing its strategic importance in the new energy sector and the growing demand for LFP in both power and energy storage batteries [5][9]. Group 1: Project Details - Wanhua Chemical is establishing a lithium iron phosphate project in Laizhou with an annual production capacity of 650,000 tons [5]. - The project is located in the Yinhai Chemical Industry Park, Laizhou, Shandong Province, covering an area of 371,647 square meters (approximately 557 acres) [6]. - The second phase of the green electricity industrial park will produce an additional 200,000 tons of lithium iron phosphate [7]. Group 2: Market Context - The demand for lithium iron phosphate is surging, with China's shipments reaching 2.575 million tons in the first three quarters of 2025, marking a year-on-year increase of 60.8% [9]. - The price of lithium iron phosphate has risen significantly, exceeding 40,000 yuan per ton, with storage-type prices ranging from 39,100 to 42,200 yuan per ton [9]. - The global electrochemical energy storage market saw a year-on-year shipment increase of 98.5% in the same period, indicating a robust market outlook [9]. Group 3: Strategic Implications - Wanhua Chemical's entry into the lithium iron phosphate market is seen as a pivotal event, signaling a new phase of competition characterized by technology, cost, scale, and sustainable development [10]. - The project aligns with Wanhua Chemical's overall development strategy, enhancing its supply chain and competitive capabilities in the international market [8][10].