Wanhua Chemical Enters LFP Sector, Adds 820,000 Tonnes of Capacity in 2026

Wanhua Chemical has entered the lithium iron phosphate (LFP) industry, with new capacity of 820,000 tonnes in 2026, and total capacity expected to exceed 1 million tonnes.

Key Facts

Wanhua Chemical has entered the lithium iron phosphate (LFP) industry, with new capacity of 820,000 tonnes in 2026, and total capacity expected to exceed 1 million tonnes.

Projects and Capacity

The company has a market value of over RMB 230 billion and expects net profit attributable to shareholders of RMB 9.8-10.4 billion in H1 2026. Through capacity expansion, full industry chain integration, and technology iteration strategies, Wanhua Chemical poses a threat to the existing LFP market.