Recently, the groundbreaking ceremony for the first phase of the battery cell production line construction project in Nanhua County, Chuxiong Yi Autonomous Prefecture, was held. Since the signing of the agreement in April this year, the project has finally entered the formal construction stage. It is reported that the project is being constructed by Yunnan Junhe Yuanxin New Energy Co., Ltd., which was registered and established in May this year as a wholly-owned subsidiary of Hebei Junhe Yuanxin ESS. The project, with a total investment of 1.5 billion yuan, will be built in two phases to produce an annual output of 5GWh of lithium-ion batteries, mainly focusing on the production of ESS battery cells and power batteries.