Polaris energy storage network learned that on September 23, Wanrun Xinneng announced that Wanrun new materials, a wholly-owned subsidiary, plans to invest 0.168 billion US dollars. Through a series of wholly-owned subsidiaries, Wanrun has set up Project company Wrestore Technology LLC in the United States, carry out "Wanrun new energy us new energy cathode material and its industrialization research and development center project".

The annual output of the project's total planning and construction is 50000 tons. Lithium iron phosphate, carry out construction in stages, and plan to build 9000 tons/year lithium iron phosphate capacity in the first phase.