Guangzhou Great Power begins construction of lithium battery project

Published: Sep 18, 2018 15:35

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The company will invest some 5.8 billion yuan in the lithium-ion battery project at Jincheng High-tech Industry Park in Jintan district, Jiangsu province

SHANGHAI, Sep 18 (SMM) – Construction of a lithium-ion battery and system project began at Jincheng High-tech Industry Park in Jintan district, Jiangsu province on September 17.

Guangzhou Great Power Energy & Technology will invest some 5.8 billion yuan in the project. Its construction area is planned for 331,000 m², with an annual production capacity of 10Gwh lithium-ion batteries and 5Gwh lithium battery packs, SMM learned.

With the current shortage of high-end lithium battery capacity, the project will customise high-end production capacity. It will be constructed across three phases, the first of which will commence operation in June 2019. Annual sales revenue is expected at 10 billion yuan, SMM learned.

Market commentary Lithium battery

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