On the morning of September 22, 2022, Zhejiang Weiming Shengqing Energy New Materials Co., Ltd. (hereinafter referred to as “Weiming Shengqing”) successfully acquired the land use rights for the A-01a-1 plot in the Wenzhou Bay New Energy Technology Industrial Park through the Zhejiang Provincial Land Use Rights Online Trading System for RMB 125 million. The plot spans 370,945 square meters (approximately 556.4175 mu), marking the official launch of the Wenzhou Lithium Battery New Materials Industrial Base Project.
Following the land acquisition, Weiming Shengqing signed the Industrial Land Project Investment Contract with the Airport New Area Management Center and the State-Owned Construction Land Use Rights Transfer Contract with the Wenzhou Municipal Natural Resources and Planning Bureau. The land certificate for the plot is expected to be obtained shortly.
Zhejiang Weiming Shengqing Energy New Materials Co., Ltd. is jointly invested by Weiming Environment Protection, Chengtun Mining, Yongqing Technology, and Sunwoda Electronics to construct an annual 200,000-ton high-nickel ternary cathode materials project, producing nickel sulfate, precursors, cathode materials, and related auxiliary facilities. The company’s ownership structure is as follows: Weiming Environment Protection holds 60% equity, Yongqing Technology (a subsidiary of Fortune 500 company Tsingshan Holding Group) holds 20%, Chengtun Mining holds 10%, and Sunwoda Electronics holds 10%.
The project has garnered significant attention since its inception, with all four shareholders being industry leaders. Yongqing Technology, under Tsingshan Holding Group, possesses raw material advantages. Chengtun Mining is a leader in cobalt material mining, non-ferrous metal processing, and metal trading, with outstanding performance in the new materials sector. Sunwoda Electronics is a top-tier developer and producer of lithium-ion battery modules. Weiming Environment Protection, a leader in the environmental industry, maintains high growth rates through prudent operations and rigorous management. The collaboration of these four enterprises forms a self-sufficient industrial chain, leveraging their respective strengths to drive project development.
The 556-mu plot secured in this acquisition is designated for Phase I of the project, which will sequentially deploy nickel sulfate production lines, precursor production lines, and cathode material production lines. The total project land requirement is estimated at 1,500 mu.
Currently, site preparation—including land leveling and temporary facility construction—is underway. In line with the Longwan District Government’s “start construction upon land acquisition” policy, Weiming Shengqing will accelerate project initiation while completing administrative procedures to ensure rapid progress.