Ningde New Energy 1 Billion U.S. Lithium Battery Project Launched

On August 8, Fujian Ningde New Energy Technology Co., Ltd. invested by New Energy (Hong Kong) Science and Technology Co., Ltd. held a launching ceremony for lithium-ion battery project in Dongqiao Industrial Park. The project plans to invest 1 billion U.S. dollars, with an annual output of 500 million batteries, and is expected to achieve an annual output value of 20 billion yuan.

It is reported that Fujian Ningde New Energy Technology Co., Ltd. wants to build the world's largest lithium-ion battery production base, mainly producing environmentally-friendly electric car batteries, high-end consumer electronics batteries, and high-voltage, high-power energy storage batteries. The main project of the first phase is a 500-mu plant, with a planned investment of about 600 million U.S. dollars. At present, nearly 200 million U.S. dollars have been invested. The second phase plans 500 mu, and the upstream and downstream industrial chain plans 500 mu, and the related supporting planning is 500 mu.