Wanhua Chemical continues to increase its investment in lithium iron phosphate and will invest in the construction of a lithium iron phosphate project with an annual production capacity of 650,000 tons in Laizhou.

Laizhou City and Wanhua Chemical Group Co., Ltd. have successfully signed the investment agreement for the "Wanhua Laizhou Green Electricity Industry Park" project. According to the plan, Wanhua Chemical will invest in and construct a project with an annual output of 650,000 tons of lithium iron phosphate in Laizhou. After the project reaches full production, it will provide key material support for the development of new energy industries such as power batteries and energy storage batteries in Shandong Province.