Gotion High-tech: Subsidiary signs 1.094 billion euro engineering contracting contract

The Ministry of Industry and Information Technology (MIIT) and six other departments jointly issued the New-type Battery Industry Development 15th Five-Year Plan. The plan proposes to improve energy density, power density, and cycle life through process optimization, material upgrades, and structural innovation. It calls for developing high-safety consumer electronics lithium batteries, improving the safety, fast-charging performance, low-temperature adaptability, lightweight design, and energy density of power batteries for NEVs and electric vessels, and developing high-safety, large-capacity, grid-forming, ultra-long cycle life ESS batteries.

The Ministry of Industry and Information Technology and seven other departments jointly issued the 15th Five-Year Plan for New-Type Battery Industry Development. It proposes optimizing the layout of the lithium battery industry in accordance with the principles of regional agglomeration and concentration of main entities. It guides various regions to leverage their comparative advantages and achieve differentiated and specialized coordinated development. It consolidates and enhances the role of the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area as driving forces for high-quality development, better leverages the role of coastal urban agglomerations such as Guangdong-Fujian-Zhejiang, and accelerates the cultivation of advanced manufacturing clusters for new-type batteries. Relying on the industrial foundations of the Yangtze River Economic Belt, the Yellow River Basin, and the Northeast region, it promotes the strengthening, supplementation, quality improvement, and upgrading of the new-type battery industry chain. Based on the resources of the central and western regions, it enhances the resilience of the new-type battery industry chain.

On September 28, Xuzhou Xinrui Lithium Battery's 400,000 mt iron phosphate project officially commenced construction in the Xuzhou Economic Development Zone. This is a major initiative by GCL Group in the field of power battery and energy storage key materials, and the project will further enhance the supporting supply capacity of lithium battery cathode materials upon completion.