<ul><li>Wanhua Chemical Group Battery Technology and IBU-tec have signed a joint research and development agreement to develop LFP battery material for the European market.</li><li>The companies plan to carry out a scale-up towards industrial production in the coming months and expect results by the third quarter to determine if the joint development meets market requirements in Europe and North America.</li><li>This partnership could lead to the production of LFP cathode material in Germany to supply European customers.</li><li>Dr. Hua Weiqi, Executive Vice President of Wanhua Chemical, highlighted the significance of LFP in the Chinese EV market and emphasized Wanhua Chemical's globalization strategy with R&D centers, production bases, and overseas sales organizations.</li></ul>

Wanhua Chemical and IBU-tec to develop LFP battery material for the European market

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