Hebei Hengwang Group Establishes New Energy Sector Headquarters in TEDA

On August 11, TEDA Administrative Commission signed an investment cooperation agreement with Hebei Hengwang Investment Group for the establishment of its headquarters project in the new energy sector. Hebei Hengwang Investment Group plans to invest a total of 9 billion yuan in the establishment of the new energy sector headquarters in TEDA. A lithium iron phosphate cathode material production base is under construction as well. Once completed, the base will have an annual production capacity of 300,000 tons of lithium iron phosphate cathode materials. In the future, Hebei Hengwang Investment Group also intends to establish the group’s headquarters and a battery cathode production base in Tianjin. The Tianjin base will eventually become the largest new energy industry hub in Northern China.

Hebei Hengwang Investment Group operates in sectors including mining, metallurgy, new energy, and real estate, with total assets exceeding 10 billion yuan. The new energy sector, which this cooperation focuses on, has become one of the group’s most significant main segments in recent years. Chairman of the group, Fu Xuefei, stated that the group prioritizes TEDA as a key strategic region. Leveraging the robust industrial foundation, abundant talent resources, and favorable geographical advantages of TEDA, the group will continue to expand its collaborative scope. They aim to swiftly initiate the construction of the headquarters building and industrial base.