The signing ceremony of the Yuan Shun Qi Xing (Shaanxi) Energy Lithium-ion Smart Manufacturing Base project was recently held in Qindu District, Xianyang, Shaanxi. The project is located in the Xianyang Equipment Manufacturing Industrial Park, covering an area of approximately 90 acres with a building area of about 38,000 square meters. The total investment of the project is 1.5 billion RMB, and it will be constructed in two phases with a designed annual production capacity of 2GWh. Once completed, the project's annual output value is expected to reach 4.5 billion RMB. The main products will be large cylindrical lithium (sodium) ion batteries with independent research and development and core technology.