Recently, multiple new energy projects have been implemented across various regions. CATL signed an agreement to advance the third phase of its 60GWh battery base in Changzhou, the sodium-ion battery project by NaXin Huanyu was launched in Xintai, and a China-Korea joint venture energy storage system project also settled in Jintan, Changzhou.
CATL Signs 60GWh Battery Project in Changzhou
On November 26, the third phase (LY9) of the Lighthouse Factory Industrial Base project by Jiangsu Contemporary Amperex Technology Co., Ltd. (a wholly-owned subsidiary of CATL) was signed with the Management Committee of Liyang High-Tech Zone, Changzhou, Jiangsu Province.
The total investment is estimated not to exceed RMB 10 billion (final amount subject to actual investment), with a planned annual production capacity of 60GWh of new energy battery production lines.
Since CATL settled in Liyang in 2016, it has successively established wholly-owned subsidiaries Jiangsu CATL and Jiangsu Litai, as well as joint ventures CATL SAIC and SAIC CATL. In total, CATL has invested in eight projects worth over RMB 10 billion in Liyang. This latest signing reflects a continued deepening of the strategic cooperation between CATL and Changzhou city.
NaXin Huanyu Signs Xintai Sodium-Ion Battery Project
On November 25, the signing ceremony for the Xintai sodium-ion battery project by NaXin Huanyu was held.
The project, located in Xintai City, Tai’an, Shandong Province, focuses on the research, manufacturing, and sales of sodium-ion batteries and related materials. Its implementation will build a comprehensive industrial capability from key materials to cell manufacturing, injecting strong momentum into the innovation and development of new materials and new energy in Xintai.
China-Korea Joint Energy Storage System Project Signs in Jiangsu
On November 26, an energy storage system project jointly invested by Huizhou Juchuang New Energy Co., Ltd. and South Korea’s SeGwang Munhwa Co., Ltd. was signed to settle in the Hualuogeng High-Tech Zone, Jintan, Jiangsu.
The project plans a total investment of USD 5 million (approximately RMB 35 million) and will deeply integrate China’s advantages in battery material supply, precision manufacturing, and complete industry chain with Korea’s strengths in branding, market channels, and international operations, providing global customers with high-performance, high-safety, and low-cost customized battery system solutions.
The energy storage system products cover residential storage, UPS, and light-duty power battery applications, with customers across Europe, North America, and Africa. To date, the total value of orders in hand has exceeded RMB 80 million.
Source：EnergyTrend