Far East First commissions 2GWh power battery capacity in Jiangsu-Shanghai Metals Market

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Far East First commissions 2GWh power battery capacity in Jiangsu

Company News 02:09:42PM May 13, 2019 Source:SMM

SHANGHAI, May 13 (SMM) – Far East First New Energy, a wholly-owned subsidiary of Shanghai-listed Far East Smarter Energy, on Friday May 10 commissioned the first stage of its power battery project in Yixing of Jiangsu province.

The commissioned capacity is designed to produce 2GWh of high-security, long-lifespan and low-cost soft pack power batteries per year.

The whole project, with capacity of 12GWh, is expected to completely come online in three years, and the total value of its output is likely to reach 25 billion yuan by 2021.

Key Words:  EV battery 

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Far East First commissions 2GWh power battery capacity in Jiangsu

Company News 02:09:42PM May 13, 2019 Source:SMM

SHANGHAI, May 13 (SMM) – Far East First New Energy, a wholly-owned subsidiary of Shanghai-listed Far East Smarter Energy, on Friday May 10 commissioned the first stage of its power battery project in Yixing of Jiangsu province.

The commissioned capacity is designed to produce 2GWh of high-security, long-lifespan and low-cost soft pack power batteries per year.

The whole project, with capacity of 12GWh, is expected to completely come online in three years, and the total value of its output is likely to reach 25 billion yuan by 2021.

Key Words:  EV battery