Wanhua Chemical and ElevenEs signed a strategic agreement for battery materials

MEISHAN, China, June 6, 2025  – Recently, Wanhua Chemical Battery Technology Co., Ltd. and ElevenEs Ltd., a leading European manufacturer of lithium iron phosphate (LFP) batteries, successfully signed a Memorandum of Understanding (MOU) in Meishan, Sichuan. Mr. Wang Xiaoxing, General Manager of Wanhua Chemical Battery Technology Co., Ltd., and Mr. Nemanja Mikać, Founder and CEO of ElevenEs, attended the signing ceremony. This collaboration aims to establish a comprehensive supply and technical partnership covering products such as LFP cathode materials, PVDF (polyvinylidene fluoride) binders, NMP (N-methyl-2-pyrrolidone) solvents, etc., to promote the sustainable development of both parties in the new energy industry.

Wanhua Chemical, with its industrial chain advantages and decades of experience in process development and engineering research, has established a battery material integrating battery material technology development, equipment process technology development, and battery cell application technology research. The company has also established a complete technical platform for cathode and anode materials, binders, and solvents.

Wanhua Battery Company and ElevenEs

Under the agreement, the parties express their intention to cooperate on LFP and other high-quality raw materials. At the same time, both parties will jointly form a technical team, exchange technical and market information, and accelerate the development of their products and markets. Wanhua Chemical will utilize its production bases and global supply chain to support ElevenES battery production in Serbia.

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 plan to deepen cooperation in areas such as electric vehicles (EVs) and energy storage systems (ESS), continuously expand cooperation in battery materials, cell products, product and technology development, market expansion, and other fields, and jointly create a win-win situation for both parties to reinforce their leading positions in the global new energy industry.

Wanhua Battery Company and ElevenEs

About Wanhua Chemical Battery Technology Co., LTD.

Technology Co., LTD, a secondary holding subsidiary of the globally renowned Wanhua Chemical Group Co., Ltd., is a dynamic force in the advanced materials sector. Leveraging the robust foundation of its parent company, a top 20 global chemical industry leader with independent intellectual property for MDI, Wanhua Battery is strategically focused on the research, development, production, and sales of critical battery components. These include positive and negative electrode materials, their respective binders, NMP, and battery recycling solutions. With a global operational footprint encompassing nine production bases across China and Hungary, Wanhua Battery is committed to delivering innovative and reliable material solutions that underpin the growth of the energy storage and electric vehicle industries.