Wanrun New Energy reports higher quarterly LFP shipment

Hubei Wanrun New Energy Technology Co., Ltd. reported LFP shipment of 137,000 tonnes in the first three quarters of 2024, up by 16% YoY, including about 60,000 tonnes in the third quarter, rising by 27% QoQ, with its capacity utilization rate gradually improving and currently at a relatively high level.

The company already has LFP production capacity of around 468,000tpa coming on stream, including 311,000tpa in Hubei, 37,000t in Anhui and 120,000t in Shandong. It plans to build a 50,000tpa LFP project in the U.S., with the first phase of 9,000tpa currently under construction.