2 Billion Yuan Power and Energy Storage Battery Production Base Project Settled in Nanzhang, Hubei

Published: May 24, 2024 18:26 (GMT+8)

Source: SMM

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According to SMM, on May 18, Beijing Chenxu Electric Power Co., Ltd., Henan Lidong Power Co., Ltd., and the People's Government of Nanzhang County signed a 2 billion yuan EV battery and energy storage battery production base project. The first phase of the project involves an investment of 400 million yuan, primarily to construct three Li-ion battery PACK production lines and one all-vanadium flow battery stack production line. Once the first phase is fully completed and put into operation, it is expected to achieve a total sales revenue of 3.2 billion yuan and total tax revenue of 89.6 million yuan within six years.

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