Wanhua Chemical shifts into new energy and battery materials

Key highlights
  • Battery materials named the Group's second core business.
  • Upstream investments in phosphorus and lithium to secure raw-material supply.
  • Haiyang Green Power Industrial Park commissioned in March 2025 for high-density LFP via the iron‑phosphate process, powered by captive wind and solar.
  • Expanded downstream portfolio includes NMP solvent, structural adhesives, cell potting/sealing adhesives and lightweight composite functional materials for full-scenario battery solutions.
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Wanhua Chemical Haiyang Green Power LFP Project · China
Operational / Completed
2025-02
2025-02
2026-03
2026-03

Strategic repositioning

Wanhua Chemical has made battery materials its second core business and is accelerating a company-wide transformation into the new energy sector by building integrated capabilities across R&D, resource security, industrial-chain support and green energy synergy.

Upstream resource security

To anchor raw-material security, Wanhua has moved upstream into mining with forward-looking investments in two critical inputs—phosphorus and lithium—aimed at ensuring stable supply for its new energy value chain.

Green power park and low-carbon production

In March 2025 Wanhua commissioned the Haiyang Green Power Industrial Park, focused on high-density lithium iron phosphate (LFP) cathode production via the iron-phosphate process. The park integrates captive wind and solar power to lower carbon emissions across the production chain while producing cathode materials.

Downstream integration and closed-loop ecosystem

Leveraging fine-chemicals R&D, Wanhua has expanded downstream into lithium battery supporting materials—including NMP solvent, battery pack structural adhesives, cell potting and sealing adhesives and lightweight composite functional materials—creating an integrated supply chain from minerals to cathode/anode active materials to auxiliary materials and end applications in power batteries and energy storage.

Source: ​Wanhua

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