Paneon Technology (688063) latest news shows that the first phase project of Paneon Technology 10GWh lithium battery R&D and manufacturing base was put into production on September 21.

It is reported that the first phase project of Paneon Technology 10GWh lithium battery R&D and manufacturing base will start construction in October 2022, and the annual capacity of the company can reach 10GWh after reaching production. The project is divided into two phases, with a total investment of 5 billion yuan. After completion and reaching production, it can realize annual sales revenue of more than 10 billion yuan.

Wei Zaisheng, chairman of Paneon Technology, said that after years of industry deep plowing, Paneon Technology has become a high-quality enterprise in the global lithium battery energy storage industry. From 2019 to 2022, the company's independent brand household energy storage product shipments are among the top in the world. In order to comply with industry policies and development trends and meet the rapidly growing market demand, the company has been continuously carrying out capacity layout.