[SMM Flash News] 9.971 Billion Yuan: New Progress on EVE's Production Base

Trina Storage (Chuzhou) plans to invest a total of RMB 3.5 billion to build a 100GWh energy storage system integration plant and an R&D center in Chuzhou Economic and Technological Development Zone, Anhui Province, according to an environmental disclosure published on October 26. The project will lease about 100,000 square meters of factory space, including five PACK module lines and two complete energy storage system assembly lines with a combined designed capacity of 100GWh each, plus one cell R&D line. The move will further expand Trina Storage's system integration capacity and strengthen its in-house cell R&D, reinforcing its position across the energy storage value chain.

GaoNeng ShuZao, a dry-electrode and all-solid-state battery equipment maker, completed a Series B equity financing of nearly RMB 100 million on November 2, backed by Daqin Capital under Shaanxi Financial Investment, Changzhou Tianning Industrial Investment and Guangzhou Liwan Industrial Investment. This is the company's second funding round within a year. The proceeds will go toward technology iteration, capacity building and market expansion, strengthening its R&D and delivery capability in dry-process equipment for solid-state batteries. Founded by a team from Xi'an Jiaotong University, the company shifted from battery 3D printing to dry electrodes and all-solid-state battery manufacturing, and now operates a 200MWh dry-electrode pilot line in Guangzhou, with its Xi'an headquarters focused on frontier R&D and the Changzhou base handling whole-line commissioning and process validation.

The Democratic Republic of the Congo’s Ministry of Mines said on November 5 that it had held a working meeting in Kinshasa with a United Nations Conference on Trade and Development (UNCTAD) delegation and national technical agencies to discuss a project assessing economic diversification and value-addition opportunities linked to minerals essential to the energy transition. The meeting was chaired by Michel Kaswa Kayomo, chief of staff to the mines minister. Participants included representatives from CTCPM, the mining technical coordination and planning body; CAMI, the mining cadastre; SGN-C, the national geological agency; and CEEC, the mineral evaluation and certification agency. Implemented by UNCTAD in cooperation with the DRC’s foreign trade ministry and funded by the Japanese government, the project aims to identify opportunities for local processing and industrial activities involving copper, cobalt, lithium and other minerals. The assessment focuses on strengthening local processing capacity, diversifying value chains, attracting investment and creating sustainable jobs to increase mining’s contribution to the domestic economy. The DRC aims to translate its mineral resource advantages into greater industrial development and economic benefits. Disclosures so far outline the assessment’s objectives and cooperation arrangements. No specific cobalt processing project, construction scale or investment decision has been announced.