**[Producing 5GWh of Titanium-Lithium Batteries! Total Investment of RMB 2.525 Billion! Contract Signed for Zhongcang Energy's Power Battery Project]** SMM has learned that on October 24th, the Administrative Committee of Jilin Gongzhuling Economic and Technological Development Zone held a signing ceremony with Hunan Zhongcang Energy Co., Ltd. for the production project of 5GWh of titanium-lithium high-energy power batteries annually.
It is understood that the total investment for this signed project is RMB 2.525 billion. The project will involve the overall leasing of the Lightweight Industrial Park in Jilin Gongzhuling Economic and Technological Development Zone to construct five 1GWh titanium-lithium high-energy power battery production lines.
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