{"id":5749,"date":"2025-09-08T09:44:45","date_gmt":"2025-09-08T09:44:45","guid":{"rendered":"https:\/\/www.leadintelligent.com\/en\/?p=5749"},"modified":"2025-09-08T09:44:45","modified_gmt":"2025-09-08T09:44:45","slug":"xinhua-shanghai-securities-news-exclusive-lead-group-chairman-wang-yanqing-the-chief-engineer-navigating-through-cycles","status":"publish","type":"post","link":"https:\/\/www.leadintelligent.com\/en\/xinhua-shanghai-securities-news-exclusive-lead-group-chairman-wang-yanqing-the-chief-engineer-navigating-through-cycles\/","title":{"rendered":"Xinhua & Shanghai Securities News Exclusive | LEAD Group Chairman Wang Yanqing: The “Chief Engineer” Navigating Through Cycles"},"content":{"rendered":"

Xinhua News Agency and <\/span>Shanghai Securities News<\/span><\/i> recently published an exclusive interview with Wang Yanqing, Chairman of Lead Intelligent Equipment (hereafter referred to as LEAD). In the interview, Mr. Wang highlighted technological innovation as the driving force that enables LEAD to navigate industry cycles. He stressed that companies must return to the essence of value creation and firmly reject \u201cineffective internal competition.\u201d True competitiveness, he noted, stems from within\u2014through innovation, quality improvement, and value creation\u2014propelling the entire industry into a new stage of high-quality development.<\/span><\/p>\n

Below is the full transcript of the interview:<\/span><\/p>\n

From once wearing many hats\u2014as engineer, fitter, and electrician\u2014to now leading a global enterprise of more than 10,000 employees, Wang Yanqing has grown from a young entrepreneur into the leader of a world-class intelligent equipment company. Yet on the factory floor, he remains the \u201cchief engineer\u201d at the front line\u2014deeply familiar with equipment design, assembly precision, program coding, and system debugging. Whenever a major project is underway, he personally takes charge, immersing himself in the workshop and working side by side with the technical team.<\/span><\/p>\n

Driven by a deeply ingrained spirit of technological innovation, Wang and his founding team have consistently pushed boundaries\u2014from humble beginnings in a small warehouse in Wuxi to establishing a global business footprint; from the early days as <\/span>Wuxi Lead Capacitor Equipment Factory<\/span><\/i> to today\u2019s LEAD, a smart equipment pioneer with a market capitalization that once surpassed RMB 100 billion. LEAD\u2019s rise stands as a testament to the entrepreneurial grit and innovative vision of a technology-driven leader.<\/span><\/p>\n

From \u2018Impossible\u2019 to World Leader:<\/span><\/b><\/h4>\n

LEAD Scales New Heights in Solid-State Battery and Energy Storage Technologies<\/span><\/b><\/h4>\n

A product of China\u2019s entrepreneurial boom in the 1990s, Wang Yanqing embodies a quiet resilience\u2014pragmatic, determined, and firmly grounded in hands-on execution. As chairman of LEAD, he has guided the company from a modest workshop to the forefront of global smart manufacturing. Yet his own beginnings were humble.<\/span><\/p>\n

\u201cWhen I got married, I couldn\u2019t even afford a proper wedding ring,\u201d Wang recalled in an interview with <\/span>Shanghai Securities News,<\/span><\/i> reflecting on his early years in a farming family in Wuxi.<\/span><\/p>\n

That same unpolished grit, Wang says, has shaped his belief in \u201cdoing the work and fighting for progress\u201d\u2014fueling a relentless drive to turn the impossible into reality. Years ago, when Panasonic encountered a production bottleneck at one of its factories, the Japanese giant turned to LEAD with what seemed like an unattainable request: to develop a cylindrical battery winding machine capable of running at 30 pieces per minute (PPM)\u2014a speed even Panasonic\u2019s most advanced equipment at the time could not achieve. \u201cBack then, their best machines only reached 26 PPM,\u201d Wang recalled.<\/span><\/p>\n

But he didn\u2019t hesitate. \u201cIt wasn\u2019t just an order\u2014it was a test of LEAD\u2019s ability to deliver high-end manufacturing, and a sign of trust.\u201d<\/span><\/p>\n

LEAD not only met the 30 PPM benchmark\u2014it set a new global efficiency record for similar equipment.<\/span><\/p>\n

Wang and LEAD\u2019s pursuit of technology leadership has never slowed. As the lithium-ion battery industry shifts from undersupply to overcapacity, adopting next-generation technologies has become essential. Solid-state batteries\u2014valued for their safety and high energy density\u2014are emerging as the next frontier, and LEAD is already ahead of the curve.<\/span><\/p>\n

Recently, LEAD supplied a suite of core solid-state battery production equipment\u2014including composite transfer systems and high-speed stacking machines\u2014to a global Tier-1 battery manufacturer, drawing widespread attention across the industry.<\/span><\/p>\n

\u201cThis marks a major milestone for LEAD,\u201d Wang said. \u201cIt also signals the accelerating commercialization of solid-state batteries. What we delivered was not just a few machines, but a fully validated, end-to-end solution with full-line delivery capability. It shows that we have moved beyond R&D into industrial-scale deployment in this entirely new segment.\u201d<\/span><\/p>\n

LEAD\u2019s early and sustained investment in solid-state battery technologies, guided by Wang\u2019s strategic foresight, is now bearing fruit. \u201cFor the industry, solid-state batteries present a disruptive challenge,\u201d he explained. \u201cBut for companies like LEAD\u2014with early positioning and full technical ownership\u2014they represent an enormous opportunity.\u201d<\/span><\/p>\n

When outlining LEAD\u2019s technological advantages, Wang Yanqing remarked:<\/span><\/p>\n

\u201cWe positioned ourselves in the solid-state battery sector very early on. Our core competitive edge today lies in <\/span>full-stack proprietary technology<\/span><\/i> and <\/span>end-to-end process integration.<\/span><\/i> From disruptive dry-film electrode and solid-state electrolyte membrane preparation, to core lamination and packaging, and finally to back-end formation and grading, we have built a complete technology matrix with 100% self-developed intellectual property. We have already achieved mass delivery to leading battery manufacturers, automakers, and new energy vehicle startups worldwide.\u201d<\/span><\/p>\n

Beyond its strong focus on solid-state batteries, LEAD has also recognized the rapid growth of the domestic and global energy storage industry, making energy storage a strategic priority in recent years.<\/span><\/p>\n

According to Wang, LEAD now provides a comprehensive value chain solution spanning cell manufacturing, module and pack assembly, charge\u2013discharge testing, and full containerized storage system integration. To date, the company has delivered more than 300 GWh of energy storage production equipment.<\/span><\/p>\n

In both cell manufacturing and energy storage container system integration, LEAD has established a strong technical moat. Its prismatic 314Ah and 587Ah energy storage battery lines are now deployed worldwide, with single-line annual capacity reaching 6 GWh. At the same time, LEAD has fully developed large-scale energy storage solutions exceeding 600Ah. In the field of system integration, the company has also introduced the industry\u2019s first fully automated intelligent production line for energy storage containers.<\/span><\/p>\n

Enduring Industry Cycles:<\/span><\/h4>\n

LEAD Aligns Technological Iteration with Global Expansion<\/span><\/h4>\n

Beyond its sustained efforts in emerging sectors such as solid-state batteries and energy storage, LEAD continues to drive technological progress in established fields\u2014from sodium-ion batteries within the lithium sector to N-type photovoltaic technologies such as TOPCon and BC. \u201cEvery technological innovation opens a new window of opportunity for equipment demand,\u201d noted Wang Yanqing, underscoring LEAD\u2019s ability to consistently position itself at the forefront of industrial transformation.<\/span><\/p>\n

This agility\u2014paired with an unwavering focus on technological advancement\u2014has become LEAD\u2019s core strength in navigating market cycles. For Wang, the current market adjustment is not a setback but a catalyst: accelerating the phase-out of outdated capacity while driving customer demand for high-efficiency, high-quality, and high-tech manufacturing lines. \u201cWhat is often described as overcapacity is, in fact, a structural imbalance,\u201d Wang explained. \u201cThere is a surplus of low-end, inefficient capacity, while premium, advanced production remains in short supply.\u201d<\/span><\/p>\n

\u201cCyclical adjustments are an inevitable stage in any high-growth industry,\u201d Wang noted. \u201cBut the new energy sector is a vast ocean\u2014broad enough to sustain all companies with true strength, technological depth, and long-term value.\u201d<\/span><\/p>\n

Alongside its technological roadmap, LEAD has made global expansion a strategic priority in recent years. Despite macroeconomic pressures across the broader new energy sector, the company has achieved a countercyclical breakthrough, delivering strong growth in its overseas business.<\/span><\/p>\n

\u201cWe are accelerating our international expansion and actively developing overseas markets,\u201d said Wang. LEAD has already established localized service networks across Europe and North America. \u201cThe strong momentum of our overseas business has helped offset domestic market fluctuations. Looking ahead, we aim for overseas revenue to contribute 50% of our total.\u201d<\/span><\/p>\n

LEAD\u2019s global strategy is built on four key principles\u2014<\/span>deepening, collaborating, expanding, and embedding<\/span><\/b>\u2014which together form the strategic framework guiding its internationalization.<\/span><\/p>\n

In core markets such as Europe and North America, LEAD is evolving from simply \u201cgoing global\u201d to truly \u201cintegrating globally.\u201d Building on its German headquarters and European Technology Center, the company is expanding local teams, establishing regional supply chains, and upgrading service infrastructure. It is also setting up and growing R&D hubs in technology hubs like Germany and the U.S., with the goal of attracting top global talent and collaborating with strategic customers to co-develop next-generation technologies.<\/span><\/p>\n

At the same time, LEAD is unlocking growth opportunities in emerging markets across Southeast Asia, the Middle East, and Latin America, with branch offices already established in countries such as Malaysia and Turkey. \u201cWe are committed to building a diverse and inclusive global team\u2014one that enables people from different backgrounds to thrive on the LEAD platform and contribute to the global energy transition,\u201d Wang said.<\/span><\/p>\n

Driven by rapid technological advances and reinforced by global expansion, LEAD is well-positioned to navigate industry volatility with resilience and focus.<\/span><\/p>\n

Wang views the current market correction as a necessary reset\u2014a stage of \u201ccreative destruction and rationalization.\u201d He stresses that enterprises must return to genuine value creation and avoid wasteful competition. \u201cTrue competitiveness comes from internal strength,\u201d he emphasized. \u201cI call on our peers to double down on technological innovation, quality improvement, and value creation. Only by building distinctive moats can we guide the industry from unregulated expansion into a new era of high-quality growth.\u201d<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

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