On August 11, 2023, the Tianjin Economic Development Zone Management Committee and Hebei Hengwang Investment Group signed an investment cooperation agreement on the new energy sector headquarters project. Hong Shicong, Secretary of the Party Committee and Director of the Management Committee of Tianjin Economic and Technological Development Zone, and Fu Xuefei, Chairman of Hengwang Investment Group, attended the event and witnessed the signing of the contract. Jin Xianghua, Deputy Director of Tianjin Economic Development Zone Management Committee, and Wu Weiguang, Vice President of Hengwang Investment Group, jointly signed an investment cooperation agreement.

Hebei Hengwang Investment Group is headquartered in Tangshan City, Hebei Province. The group has sectors such as mining, metallurgy, new energy, and real estate, with total assets exceeding 10 billion yuan. The new energy sector is one of the most important main business sectors of the group in recent years. In this cooperation, Hebei Hengwang Group plans to invest a total of 9 billion yuan to layout the headquarters of the new energy sector in the Economic Development Zone and build a lithium iron phosphate cathode material base. After the completion of this base, the new energy sector can produce 300000 tons of lithium iron phosphate battery cathode materials annually.

In the future, Hebei Hengwang Group is still preparing to build its headquarters and battery positive electrode production base in Tianjin, which will become the largest new energy industry base in northern China after completion. Editor/Zhao E