According to the news released by Yinchuan on December 24, Yinchuan held a project signing ceremony with Ningxia Baofeng Group Co., Ltd. (referred to as "Baofeng Group"), a major shareholder of Baofeng Energy (600989). The energy storage battery industry chain project with a total investment of 69.2 billion yuan has been settled in Yinchuan, becoming the largest industrial project in the history of Yinchuan.
According to reports, Baofeng Group energy storage battery industry chain project is a set of "photovoltaic power station, cathode materials, anode materials, electrolyte production, battery manufacturing, integrated integrated system" in one of the green energy storage industry chain project. The project will build an annual 200GWh battery and energy storage container system in Suyin Industrial Park, build an intelligent energy storage battery manufacturing plant according to the industrial version 4.0 high standard, and create the largest energy storage battery production base in the country.
In addition, the project will also build lithium iron phosphate cathode materials, graphite anode materials and electrolyte projects in Ningdong Energy and Chemical Industry Base, and Synchronize will build 6GW photovoltaic power stations in Lingwu City and other places.
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