Hubei Yihua invests 1.152 billion yuan in 150,000-ton lithium iron phosphate project
Hubei Yihua Chemical Industry Co., Ltd. announced on September 21 that its wholly-owned subsidiary will invest approximately 1.152 billion yuan to build a 150,000-ton-per-year lithium iron phosphate (LFP) project, the first phase of a long-term plan to reach 1 million tons annually. The 24-month project aims to extend the company’s new energy materials chain, leveraging its phosphorus chemical expertise and low-cost raw materials.
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Hubei Yihua Invests 1.15 Billion Yuan in Lithium Battery Cathode Material Project
Hubei Yihua (000422) announced on September 21 that its wholly-owned subsidiary, Hubei Yihua New Energy Technology Co., will invest approximately 1.152 billion yuan to build a 150,000-ton-per-year lithium iron phosphate (LFP) project. The company stated that this move aims to extend its strategic reach into the new energy and new materials sectors, enrich its product portfolio, optimize its industrial structure, and upgrade its phosphorus chemical industry. This 150,000-ton project is the first phase of a larger plan; the company's long-term target is to reach an annual production capacity of 1 million tons. Hubei Yihua already has a foothold in the LFP sector through its joint venture, Bangpu Yihua, which has a 300,000-ton LFP and 200,000-ton nickel sulfate project that is fully operational. The company also has a partnership with Stanley Agriculture Group for a 100,000-ton refined phosphoric acid project. Hubei Yihua cited strong demand from the electric vehicle and energy storage industries as the driver for this investment, leveraging its experience in phosphorus chemicals and access to low-cost raw materials like purified phosphoric acid and synthetic ammonia. The company aims to build an integrated 'mine-phosphoric acid-purified phosphoric acid-new energy materials' value chain. In 2026, Hubei Yihua also completed a 3.3 billion yuan convertible bond issuance to fund phosphorus-fluorine resource utilization projects.
Read sourceHubei Yihua subsidiary to invest 1.152 billion yuan in 15,000-ton lithium iron phosphate project
Hubei Yihua Chemical Industry Co., Ltd. announced on September 21 that its wholly-owned subsidiary, Hubei Yihua New Energy Technology Co., will invest approximately 1.152 billion yuan to build a 15,000-ton-per-year lithium iron phosphate (LFP) project. The project has an estimated construction period of 24 months. According to the company's long-term development plan, it aims to gradually increase LFP production capacity to 100,000 tons per year, leveraging its phosphorus, fluorine, and silicon resource endowments and industrial park infrastructure. The company stated that the rapid growth of the new energy vehicle and energy storage industries has made LFP batteries a major technical route, driving strong demand for upstream LFP materials. Hubei Yihua, with years of experience in phosphorus chemical production and stable access to low-cost purified phosphoric acid and synthetic ammonia, expects the project to support its strategic expansion into new energy and new materials, optimize its product mix, and enhance competitiveness. The company believes the project will convert resource advantages into cost and competitive advantages across the full industrial chain, from mining to purified phosphoric acid to new energy materials, and will positively impact its financial condition and operating results.
Read sourceHubei Yihua Invests 1.15 Billion Yuan in Lithium Battery Cathode Material Project
On September 21, Hubei Yihua Chemical Industry Co., Ltd. announced that its wholly-owned subsidiary, Hubei Yihua New Energy Technology Co., Ltd., will invest approximately 1.152 billion yuan to build a 150,000-ton-per-year iron phosphate project. This is the first phase of a long-term plan to reach a total capacity of 1 million tons per year. The company aims to integrate its phosphorus chemical resources into the new energy materials supply chain, leveraging its existing production experience and low-cost raw materials like purified phosphoric acid and synthetic ammonia. Hubei Yihua is also expanding into other new energy materials, including electronic-grade phosphoric acid and hydrogen fluoride. The company recently completed a 3.3 billion yuan convertible bond issuance to fund phosphorus-fluorine resource utilization projects. The article is based on a Shanghai Securities News report and reflects the company's strategic shift toward the lithium battery cathode material market.
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Hubei Yihua Subsidiary to Invest 1.152 Billion Yuan in 150,000-Ton Lithium Iron Phosphate Project
Hubei Yihua Chemical Industry Co., Ltd. announced that its board of directors approved a proposal on September 20, 2026, for its wholly-owned subsidiary, Hubei Yihua New Energy Technology Co., Ltd., to invest in and construct a 150,000-ton-per-year lithium iron phosphate (LFP) project. The total estimated investment is approximately 1.152 billion yuan (about 11.52 billion yuan). The project is expected to have a construction period of 24 months. This investment reflects the company's strategic expansion into the new energy materials sector, specifically battery materials for electric vehicles and energy storage systems.
Read sourceHubei Yihua Plans 1.152 Billion Yuan Investment in 150,000-Ton Lithium Iron Phosphate Project
Hubei Yihua Chemical Industry Co., Ltd. (000422) announced on September 21 that its wholly-owned subsidiary, Hubei Yihua New Energy Technology Co., Ltd., plans to invest approximately 1.152 billion yuan to build a 150,000-ton-per-year lithium iron phosphate (LFP) project. The company stated the move is intended to extend its new energy materials industry chain layout. The announcement was reported by People's Financial Information on September 21.
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