#China #Wanhua Chemical #LFP Battery #ElevenEs #Meishan

Wanhua Chemical and ElevenEs: A Game-Changing Collaboration in Battery Materials

Recently, Wanhua Chemical Battery Technology Co., Ltd. and ElevenEs, a prominent European manufacturer of lithium iron phosphate (LFP) batteries, formalized a strategic partnership through a Memorandum of Understanding (MOU) in Meishan, Sichuan. The signing ceremony, attended by Mr. Wang Xiaoxing, General Manager at Wanhua Chemical, and Mr. Nemanja Mikać, Founder and CEO of ElevenEs, sets the stage for an innovative collaboration aimed at establishing a localized supply chain for battery materials across Europe.

Strategic Objectives

This landmark agreement lays the foundation for a comprehensive supply and technical partnership focusing on LFP cathodes and ancillary materials such as PVDF (polyvinylidene fluoride) binders and NMP (N-methyl-2-pyrrolidone) solvents. Both companies are committed to promoting sustainable growth in the new energy sector, firmly believing that collaboration will enhance their respective capabilities in this rapidly evolving marketplace.

Wanhua Chemical intends to leverage its extensive experience in the industry, along with established advantages in technology development, equipment process technology, and battery application research. This enables the company to deliver high-performance cathode materials that fulfill the demands of a competitive market, while also strengthening the localized supply chain for ElevenEs production in Serbia.

Voices from Leadership

Mr. Wang Xiaoxing expressed optimism towards the strategic partnership, noting, "This collaboration with ElevenEs is a monumental step in the localization of battery material supply chains within Europe. We aim to utilize our expertise in material research and development, alongside our global resources, to support ElevenEs with integrated solutions conducive to the sustainable advancement of Europe’s new energy industry."

On the other hand, Mr. Nemanja Mikać remarked, "Wanhua Chemical’s in-depth knowledge of battery materials and robust global production capabilities will significantly aid ElevenEs in fulfilling our localized supply needs. This partnership is pivotal in boosting our raw material security and fostering innovation via technical synergy, which ultimately leads to competitive advancements in LFP battery products tailored to the European market."

Future Plans and Expansion

The partnership isn’t merely a one-off agreement; both companies are set to deepen collaboration across various sectors including electric vehicle (EV) technologies and energy storage systems (ESS). Joint efforts will focus on not only battery materials and cell products but also on product innovation and market penetration strategies. The goal is a two-fold increase in their competitive edge within the global new energy sector.

About ElevenEs

ElevenEs, a development and industrial investment branch of Al Pack Group, has earned its reputation as a leader in aluminum processing, bolstered by over three decades of expertise in high-precision manufacturing. The company is notable for its close alignment with electrode production, the active element of LFP batteries. Backed by EIT InnoEnergy, ElevenEs is on a progressive path to establish a state-of-the-art research and development laboratory that went operational in June 2021.

Following the successful launch of its pilot production line in mid-2023, ElevenEs plans to construct an initial Megafactory with a capacity of around 1000 MWh (1 GWh) during 2025-2026. Phase one of its Gigafactory will strive for an annual output of 8 GWh, eventually scaling up to an ambitious total of 40 GWh across Europe and the USA by 2031.

Conclusion

The partnership between Wanhua Chemical and ElevenEs heralds a significant milestone in the realm of battery technology, promising advancements that are expected to have a positive impact on the energy landscape in Europe. By converging their strengths and expanding their cooperative framework, both firms can leverage their distinct capabilities to foster innovation and ensure sustainable growth in the emerging energy market.