On August 28, 2022, the Chuneng New Energy (Yichang) Lithium Battery Industrial Park project officially started construction in Longquan Town, Yiling District, Yichang City, Hubei Province.

Planning and construction of 150GWh lithium battery production capacity

It is understood that the Chuneng New Energy (Yichang) Lithium Battery Industrial Park project has a total investment of 60 billion yuan, and plans to build a 150GWh lithium battery production capacity. The project will be constructed in four phases, of which the first phase will build a 40GWh capacity. After all construction and production, it is expected to achieve an annual output value of 105 billion yuan, tax revenue of 6 billion yuan, and provide 20,000 jobs. A large-scale new energy lithium battery production base with an industrial output value of more than 100 billion.

Chuneng new energy project is the ballast stone of Yichang new energy battery material industry chain. In addition, the formation of a closed loop of the industrial chain will effectively promote the rise of the new energy and new material industry chain in Yichang City as a whole, and provide strong support for the modern industrial cluster of trillions of automobiles in Hubei.

At the construction site, Vice Governor and Secretary of Yichang Municipal Party Committee Wang Li and entrepreneurs analyzed the future market development trends of new energy vehicles, energy storage batteries, power batteries, and new energy lithium batteries, and listened to the planning and layout of the industrial park, production line equipment, etc. Reported the situation, and visited the lithium battery products developed by Chuneng New Energy, welcomed the entrepreneurs to return to their hometowns for a second start-up, and thanked the enterprises for their strong support for Yichang's economic and social development.

He pointed out that clean energy is a trillion-level blue ocean market. Since 2021, Yichang has systematically constructed the development blueprint of six cities and five centers, proposing to build a clean energy capital and a fine phosphating center, focusing on three-level iterations of phosphate rock - green chemical industry - new energy materials - powertrain and high-end equipment manufacturing , make every effort to attract investment and project construction, and accelerate the construction of a closed-loop new energy battery industry chain covering positive and negative materials, electrolytes, and diaphragms. The start of construction of Chuneng New Energy (Yichang) Lithium Battery Industrial Park will effectively promote the complementary advantages of resources and capital, and promote Yichang's new energy battery industry to extend the chain and strengthen the chain. Editor/He Yuting