A Memorandum of Understanding (MOU) was recently signed in Meishan, Sichuan, between Wanhua Chemical Battery Technology Co., Ltd. and ElevenEs, a prominent European producer of lithium iron phosphate (LFP) batteries. The signing ceremony was attended by Mr. Nemanja Mikać, the founder and CEO of ElevenEs, and Mr. Wang Xiaoxing, the general manager of Wanhua Chemical Battery Technology Co., Ltd. In order to support both parties’ sustainable development in the new energy sector, this collaboration seeks to create a comprehensive supply and technical partnership encompassing products like LFP cathode materials, PVDF (polyvinylidene fluoride) binders, NMP (N-methyl-2-pyrrolidone) solvents, etc.
With its industrial chain advantages and decades of process development and engineering research experience, Wanhua Chemical has developed a battery material that integrates research on battery cell applications, equipment process technology, and battery material technology. A comprehensive technological platform for cathode and anode materials, binders, and solvents has also been built by the business.
The parties state in the agreement that they want to work together on LFP and other premium raw materials. Simultaneously, the two sides will collaborate to establish a technical team, share technical and market data, and expedite the growth of their respective goods and markets. Wanhua Chemical will assist ElevenES battery production in Serbia by leveraging its production facilities and international supply chain.
Mr. Wang Xiaoxing, General Manager of Wanhua Battery Company, stated, “This strategic collaboration with ElevenEs marks a significant step in Wanhua Chemical’s localization of battery material supply chains in Europe. We will leverage our strengths in material R&D, production processes, and global footprint to provide ElevenEs with high-performance LFP cathode materials and integrated solutions, jointly advancing the sustainable development of Europe’s new energy industry.”
Mr. Nemanja Mikać, Founder of ElevenEs, stated: “Wanhua Chemical’s profound expertise in battery materials and global production capacity will significantly support ElevenEs in achieving our localized supply chain goals. This partnership not only strengthens our raw material security but also accelerates innovation through technical synergy, delivering more competitive LFP battery products to the European market.”
In the future, both parties intend to strengthen their collaboration in areas like energy storage systems (ESS) and electric vehicles (EVs), further develop their collaboration in battery materials, cell products, product and technology development, market expansion, and other areas, and work together to establish a win-win scenario that will help both parties maintain their dominant positions in the global new energy sector.
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