Wanhua Chemical and ElevenEs Partner to Establish Localized Battery Material Supply Chain in Europe

Wanhua Chemical and ElevenEs Sign Strategic Agreement for Battery Materials: Collaboration to Establish a Localized Supply Chain of Battery Cathode Materials in Europe

MEISHAN, China, June 5, 2025 /PRNewswire/ — Wanhua Chemical Battery Technology Co., Ltd. (referred to as “Wanhua Chemical”) has recently signed a Memorandum of Understanding (MOU) with ElevenEs, a leading European manufacturer of lithium iron phosphate (LFP) batteries, in Meishan, Sichuan. The signing ceremony was attended by Mr. Wang Xiaoxing, General Manager of Wanhua Chemical, and Mr. Nemanja Mikać, Founder and CEO of ElevenEs.

This collaboration aims to establish a comprehensive partnership that encompasses both supply and technical aspects, focusing on products such as LFP cathode materials, PVDF (polyvinylidene fluoride) binders, NMP (N-methyl-2-pyrrolidone) solvents, and more. The goal is to promote sustainable development in the new energy sector for both companies.

Wanhua Chemical brings decades of experience in process development and engineering research, along with its industrial chain advantages. The company has created an integrated battery material platform that includes technology development for battery materials, equipment processing technology development, and battery cell application research. Additionally, Wanhua has established a complete technical platform for cathode and anode materials, binders, and solvents.

Under the terms of the agreement, the two parties will cooperate on LFP and other high-quality raw materials and form a joint technical team. They will exchange technical and market information to accelerate product and market development. Wanhua Chemical plans to use its production bases and global supply chain to support ElevenEs’ battery production in Serbia.

Mr. Wang Xiaoxing 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 our global footprint to provide ElevenEs with high-performance LFP cathode materials and integrated solutions, collectively advancing the sustainable development of Europe’s new energy industry.”

Mr. Nemanja Mikać expressed, “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, allowing us to deliver more competitive LFP battery products to the European market.”

In the future, both parties plan to deepen their cooperation in areas such as electric vehicles (EVs) and energy storage systems (ESS). They intend to continuously expand their collaboration in battery materials, cell products, product and technology development, and market expansion, aiming to create a mutually beneficial relationship that reinforces their leading positions in the global new energy industry.

### About ElevenEs

ElevenEs operates under Al Pack Group, an international leader in aluminum processing with over 30 years of high-precision manufacturing expertise, particularly in processes closely related to the production of electrodes, the active component of LFP batteries. ElevenEs is recognized and supported by EIT InnoEnergy, a leading global investor in sustainable energy.

Since June 2021, ElevenEs has been operational with a state-of-the-art Research and Development laboratory and center. Following the successful completion and commissioning of its pilot production line in mid-2023, ElevenEs is on track to build an initial Megafactory with a capacity of approximately 1000 MWh (1 GWh) during 2025 and 2026. Subsequently, the first phase of a Gigafactory is planned, targeting an annual production capacity of 8 GWh, with the second phase aiming for a total annual capacity of 40 GWh (20 + 20) by 2031.