"【10.5 Billion | 45GW Battery & Component Project Officially Signed】Recently, the signing ceremony for the TBEA Sunoasis PV Industry Project and the groundbreaking ceremony for the Global Innovation Research and Development Center project were held in Chengdu. The TBEA Sunoasis PV 25GW battery and 20GW component industrialization project with a fixed asset investment of approximately 10.5 billion yuan was officially signed and landed in Chengdu. The TBEA Sunoasis global innovation research and development center project has also commenced construction on-site.

The battery project will construct a 25GW annual production capacity battery production line, and is expected to be completed and put into operation in the first half of 2024. The component project plans to construct a 20GW annual production capacity component production line, and is expected to be completed and put into operation in 2025."