Yantai Industrial Park Launches Phase I of Battery Production

【Phase I of Battery Production Launches at Yantai Industrial Park】

On March 28, the "New Momentum, Electric Future" new energy strategy promotion event was held in Yantai, Shandong Province. The first battery product rolled off the production line at the Yantai New Energy Power Industrial Park, marking the official launch of Phase I. The Phase I facility spans 1,007 mu (≈67 hectares) and includes 20GWh battery cell and PACK production lines, equivalent to an annual output of 300,000 commercial vehicle battery systems. This will address critical gaps in Yantai’s "three major electric systems" industrial chain for new energy vehicles.