5 Billion! 20 GWh! Phase I of a Lithium Battery Project in Yancheng, Jiangsu Announced

According to the Binhai Ecological Environment Bureau of Yancheng City, Jiangsu Province, Yancheng Yuan Zhixiang Energy Storage Technology Co., Ltd. (hereinafter referred to as "Yuan Zhixiang") recently announced its 20GWh ESS lithium battery manufacturing project in Binhai County (Phase I: 10GWh).

It is reported that Yuan Zhixiang plans to invest 5 billion yuan to build a 20GWh lithium battery ESS manufacturing project. The project site is located in the Binhai section of the Huanghai New Area, Binhai County, Yancheng City, south of Binxiang Avenue and west of Haibao Road. The total investment for Phase I is 3 billion yuan, covering an area of 100,000㎡. The project includes lithium battery PACK assembly, R&D and production of core 3S energy storage systems, and integration and installation of lithium battery ESS. The project obtained filing approval from the Binhai County Government Service Management Office on December 27, 2024 (Project Code: 2406-320922-89-01-561634; Filing Certificate No.: Binzhengfu Investment Filing [2024] No. 1,093). This evaluation covers the construction content of Phase I, which includes the annual production of 10GWh lithium battery ESS, lithium battery PACK assembly, and integration and installation of lithium battery ESS.

According to the information, Yuan Zhixiang was established on May 31, 2024, and is located in Room 404, Coastal Industrial Park Management Committee Building, Binhai Economic Development Zone, Jiangsu. The company mainly engages in the production and sales of lithium batteries. Its parent holding company is Jiangsu Jieyuan New Energy Holding Group Co., Ltd., located in Jianye District, Nanjing City. This company focuses on the development, investment, construction, and operation of clean energy such as PV and wind power, while also rapidly advancing in industries such as new energy material manufacturing and sales, smart energy, integrated energy management, and intelligent robotics.