Wanhua Chemical has added another new entity to its battery materials business in Shandong. On September 18, Wanhua (Weifang) New Energy Materials Technology Co., Ltd. was established, with Zou Jie as its legal representative and registered capital of RMB 1.488 billion. Its business scope includes wind power technology services, solar power technology services, battery leasing, leasing of photovoltaic power generation equipment, and research and development of electronic specialty materials, among others.
Equity ownership tracing shows that the company is wholly owned by Wanhua Chemical (Yantai) Battery Industry Co., Ltd., a subsidiary of Wanhua Chemical. Public information has not yet disclosed the company’s specific investment projects, production capacity scale, or construction timeline.
Judging from its business scope, new energy power generation, energy storage, and electronic materials businesses are all included under this newly established entity. This business combination dovetails with Wanhua’s battery materials projects and supporting green power construction in recent years.
Wanhua Continues to Expand Battery Materials Capacity in Shandong
Wanhua Chemical’s battery materials business currently focuses on lithium iron phosphate (LFP) and is expanding into areas such as anode materials and battery chemicals.
According to information disclosed at Wanhua Chemical’s May earnings briefing, the first-phase 100,000 t/y LFP project in Haiyang was completed and put into operation in March 2026. The second and third phases, each 200,000 t/y, in Haiyang, as well as the first-phase 320,000 t/y project in Laizhou, are under way. It is expected that 820,000 t/y of new LFP production capacity will be put into operation in 2026.
At the same time, Wanhua is advancing supporting new energy power construction in Shandong.
In April this year, the company disclosed that it would start from the Haiyang and Laizhou low-carbon power industrial parks to promote integrated development of “wind–solar–storage–grid–production.” It plans to build 7 GW of wind power and 6 GW of photovoltaic capacity in Shandong by 2030 to provide green electricity for battery materials and other industries.
In September, further details of Wanhua’s Laizhou green power project were made public. The Laizhou project’s annual electricity consumption is close to 1.2 billion kWh, and the share of direct green power connection will exceed 65%. The project includes supporting wind power, photovoltaic facilities, and dedicated power transmission lines to meet the electricity demand of enterprises in the park.
Shandong Accelerates Direct Green Power Connection
Wanhua’s push for coordinated construction of battery materials and new energy power is also related to Shandong’s recent policy push for direct green power connection.
In July this year, Shandong issued the “Notice on Strengthening and Standardizing the Development of Direct Green Power Connection,” proposing 11 measures in three areas: optimizing management methods, increasing policy support, and standardizing implementation procedures.
As of August 18, Shandong had approved seven direct green power connection projects, involving battery manufacturing, chemicals, metal processing, and other industries, including Wanhua-related projects. Shandong stated that it will further support key energy-consuming enterprises as well as qualified industrial parks and zero-carbon parks in carrying out multi-user direct green power connection.
For battery materials companies, the value of direct green power connection lies not only in increasing the share of renewable energy used, but also in its direct relevance to energy costs and carbon emissions management in the production of energy-intensive materials. Wanhua has previously advanced related projects in Haiyang and Laizhou. The establishment of the new energy materials company in Weifang further extends its related business in Shandong.
