[Jiangsu's 20GWh ESS Lithium Battery Manufacturing Project Aims to Start Production in Q3] On May 5, the latest update on the 20GWh ESS lithium battery manufacturing project of Jiangsu Jieyuan was announced. The pile foundation and foundation construction of Plant No. 1 have been successfully completed, and it is now awaiting the concrete's compressive strength to meet the standard, after which the installation of steel columns will commence. The project aims to complete and commence production of Phase I in the third quarter of this year, achieving the goal of ex-factory delivery of the first batch of batteries. It is understood that the total investment in Jiangsu Jieyuan's 20GWh ESS lithium battery manufacturing project is 5 billion yuan, with an initial investment of 3 billion yuan. The planned capacity is 10GWh, covering an area of 150 mu, with a building area of 68,742.86 m², encompassing 11 independent single-unit projects. Upon full operation, the annual production capacity will reach 20GWh, with an estimated annual reduction of 500,000 mt of carbon dioxide emissions.