Shandong Province recently held a Project Promotion Conference for Expanding Investment and Stabilizing Growth, as well as an On-Site Promotion Conference for the Construction of Major Projects for High-Quality Development in Spring 2025 in Jinan. Sub-venues were simultaneously set up in various cities, with the Yantai sub-venue located at the site of the Wanhua Chemical New Generation Battery Materials Industrial Park project in Haiyang.
The project, undertaken by Wanhua Chemical (Yantai) Battery Industry Co., Ltd., is located in Haiyang, Yantai, with a total investment of 16.8 billion yuan. It is expected to invest 700 million yuan by 2025 and covers an area of 1,850 mu. The project primarily involves the construction of production plants for battery cathode and anode materials and related supporting facilities. A 100,000 mt LFP production line is planned to commence operation in June 2026, with full production expected to be achieved by December 2032.
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