【6.5 billion yuan! 40 Gwh! CATL's Luoyuan Battery Industrial Base Officially Commences Construction!】On April 24, the Luoyuan Times New Energy Battery Industrial Base Project (Phase I) officially commenced construction. The project, undertaken by Luoyuan Times New Energy Technology Co., Ltd., a wholly-owned subsidiary of CATL, involves a total investment of 6.5 billion yuan, covers an area of approximately 900 mu, and is planned to include the construction of industrial standardized workshops and internationally leading lithium-ion battery production lines. Upon completion, it is expected to produce 40 Gwh of new energy batteries annually, with an annual output value exceeding 10 billion yuan. The commencement of this project marks a crucial step forward in the construction of a trillion-yuan new energy industrial cluster in the northern wing of Fuzhou. Upon completion, the Luoyuan Times New Energy Battery Industrial Base Project will form a collaborative pattern with CATL, characterized by "R&D at headquarters + intelligent manufacturing in Luoyuan". It is planned to include the construction of industrial standardized workshops and internationally leading lithium-ion battery production lines, and upon completion, it is expected to generate an annual output value exceeding 10 billion yuan.