Anqing City Signs Contract for 16GWh Lithium Iron Phosphate Energy Storage Battery Production Line Project with Beijing BEST New Energy Technology Co., Ltd.

Published: Jan 18, 2024 14:54

Save

BEST Anhui 16GWh Lithium Iron Phosphate Energy Storage Battery Production Line Project

On January 16, the People's Government of Taihu County, Anqing City, officially signed a contract with Beijing BEST New Energy Technology Co., Ltd. to build a 16GWh lithium iron phosphate energy storage battery production line project. This project is a key project under the 'double invitation and double attraction' initiative of the Taihu County Government's Investment Promotion Office in Beijing, with a total investment of 5 billion yuan and planned construction in three phases. Once completed, the annual output value is expected to reach 12.8 billion yuan.

Beijing BEST New Energy Technology Co., Ltd. primarily produces power batteries and energy storage batteries, which are suitable for commercial vehicles, passenger vehicles, electric ships, and various sizes of energy storage devices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

Dynanonic plans to add 200,000 tpy phosphate material capacity

Dynanonic announced a proposed private placement to raise up to RMB 2.9 billion. Proceeds will mainly be used for its Phase I integrated lithium battery materials project, which is expected to add 200,000 tonnes per year of high-density phosphate material capacity.

12 hours ago

14 hours ago

[SMM Weekly Review] The hydrometallurgy recycling market this week: ternary and pure cobalt payables were slightly lowered, and market transactions were sluggish (Jun. 14-18, 2026).

Raw material side, this week lithium carbonate and nickel sulphate prices fluctuated, while cobalt sulphate prices continued to decline.

14 hours ago

15 hours ago

[SMM Manganese Ore Weekly Review] Under Strong Costs and Weak Demand, Wait-and-See Sentiment Prevails in Manganese Ore Trading

June 18: North China ports: South African high-iron manganese ore: 31.4-32.1 yuan/mtu, flat WoW; South African semi-carbonate: 37.5-38 yuan/mtu, down WoW; Gabonese ore: 40.6-41 yuan/mtu, down WoW; 46% Australian lumps: 43.3-43.8 yuan/mtu, down WoW; South African medium-iron ore: 37.5-38 yuan/mtu, flat WoW. South China ports: South African high-iron manganese ore: 34.1-34.6 yuan/mtu, flat WoW; South African semi-carbonate: 36.5-37 yuan/mtu, flat WoW; Gabonese ore: 41-41.5 yuan/mtu, down WoW; 46% Australian lumps: 43.5-44 yuan/mtu, flat WoW; South African medium-iron ore: 37-37.5 yuan/mtu, flat WoW. The manganese ore market remains stable but stagnant, with sluggish end-use demand and a dominant wait-and-see sentiment in trading.

15 hours ago