2 Billion Yuan! Power and Energy Storage Battery Production Base Project Lands in Nanzhang, Hubei
Date: 24 May 2024 |
Source: Polaris Energy Storage Network News, 24 May 2024
On 18 May, Beijing Chenxu Electric Power Co., Ltd., Henan Lithium Power Supply Co., Ltd. and the people's government of Nanzhang County signed a 2 billion yuan power battery and energy storage battery production base project.
The first phase of the project has an investment of 400 million yuan, mainly constructing three lithium-ion battery PACK production lines and one vanadium flow battery stack production line. After the first phase of the project is fully completed and put into operation, it can achieve a total sales revenue of 3.2 billion yuan and a total tax revenue of 89.6 million yuan within six years.