Spend 7 billion yuan! Honeycomb Energy 20GWh Power Battery Factory opened in Suining, Sichuan Province

Today, Honeycomb Energy Technology Co., Ltd. (hereinafter referred to as Honeycomb Energy) held the groundbreaking ceremony for the opening of the 20GWh power battery factory in Suining, Sichuan Province, Battery Network learned.

On January 27th this year, Honeycomb signed a strategic cooperation agreement with Suining City in Chengdu, which will spend 7 billion yuan to build a 20GWh power battery factory in Suining Economic Development District.

According to the agreement, Honeycomb Energy will build a complete new energy power battery industry chain system through 3-5 years of development to gather new kinetic energy for the development of Suining. The total investment of the project is 7 billion yuan, and the planned land area of the core area is about 720mu to build a 20Gwh power lithium-ion battery manufacturing plant. After the overall completion of the project, it is expected to achieve an annual output value of 14 billion yuan, annual tax payment of 630 million, and employment of more than 4000 people.

According to public data, Honeycomb Energy, formerly the power battery division of Great Wall Automobile, a leading brand in China's automobile industry, has carried out pre-research on power batteries since 2012. In 2018, it was completely spun off from Great Wall Automobile for the development of the whole industry, and officially changed its name to Honeycomb Energy Technology Co., Ltd. Headquartered in Jiangsu, the company is a new energy high-tech company specializing in automotive power battery materials, batteries, modules, PACK, BMS, energy storage product R & D and manufacturing.

In addition to the Suining factory in Sichuan, Honeycomb signed an investment agreement with Huzhou City, Zhejiang Province on February 19th to invest 7 billion yuan to build a new power battery base with an annual production capacity of 20GWh in the South Taihu Lake New area of Huzhou.

According to Honeycomb Energy's planning, it is expected that the company's total planned global production capacity of power batteries will be increased to 200GWh by 2025.

Just last week, it was reported in the industry that Honeycomb Energy, which just completed 3.5 billion yuan A round financing in February this year, is conducting round B financing, and the amount of this round financing is expected to be 30-4 billion yuan. After round B financing, Honeycomb Energy will start IPO work, which is expected to declare the company's record board in 2022.