On February 18, 2024, the groundbreaking ceremony for major projects and the mobilization conference for the "Ten Billion" project in Yingtan City, Jiangxi Province, were held. The event took place at the construction site of Phase I of the Xingneng Technology Yujian 16GWh energy storage system and energy operation trading center in Yujiang District.

In the first quarter of 2024, Yujiang District plans to start construction on 41 major projects, including 34 projects with an investment of over 100 million yuan. Compared to 2023, the number of projects has increased by 8, with a total investment of 13.733 billion yuan and an annual planned investment of 6.435 billion yuan. The projects cover seven main areas: 26 in industrial development with a total investment of 10.468 billion yuan; 2 in industrial park infrastructure with a total investment of 520 million yuan; 2 in infrastructure with a total investment of 335 million yuan; 3 in agriculture, forestry, and water with a total investment of 502 million yuan; 2 in energy with a total investment of 758 million yuan; 5 in social services with a total investment of 1.101 billion yuan; and 1 in transportation with a total investment of 47 million yuan.

The Xingneng Technology Yujian 16GWh energy storage system and energy operation trading center Phase I project is implemented by Jiangxi Xingneng Energy Storage Technology Co., Ltd. The project has been included in the 2024 provincial large and medium-sized plan and is located in the Yingtan (Yujiang) Eyeglass Industrial Park, east of Qipei Road and north of Qipei Second Road. The planned land area is approximately 100.42 acres, with a planned annual production capacity of 16GWh, including a Phase I project with a production capacity of 4GWh. The total construction area of the project is approximately 48,130 square meters, including an above-ground area of about 47,480 square meters and an underground area of about 650 square meters. The construction mainly includes factory buildings, dormitories, exhibition halls, cafeterias, security gates, motor vehicle parking spaces and roads, landscaping, greenery, and other ancillary facilities. The total investment in the project is approximately 635 million yuan, with construction investment of about 500 million yuan and other costs of about 135 million yuan.

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Robin He

SMM Li-ion Battery Materials Department

E: robinhe@smm.cn | T: +86-21-51595884