Qianjiang New Energy to Implement Lithium-ion Power and Energy Storage Battery Assembly Project

On April 27, Qian Jiang's motorcycle issued an announcement that the company's board of directors reviewed and passed the "Proposal on Foreign Investment of Holding Companies" three times. Agreed to the holding company Zhejiang Qianjiang New Energy Technology Co., Ltd.(hereinafter referred to as "Qianjiang New Energy") and Wenling City People's Government to sign the "Qianjiang New Energy Investment Agreement for an Annual Output of 4 Billion Wh Lithium-ion Power and energy storage battery Assembly Project". Qianjiang New Energy plans to implement the 4 billion W lithium ion power and energy storage battery assembly project in the eastern new area of Wenling City. The total investment of the project is approximately 3.18 billion yuan.

According to the announcement, the project was implemented by Qianjiang Lithium Electric Technology Co., Ltd., a wholly-owned subsidiary of Qianjiang New Energy. The project was completed in two phases with an annual production capacity of 4 billion Wh lithium-ion battery production line and PACK production line. The leading products were powered lithium-ion batteries and energy storage batteries. Among them: 2 billion Wh in the first phase and 2 billion Wh in the second phase. The total investment of the project is about 3.18 billion yuan, of which: the first phase investment is 1.35 billion yuan(including 200 million yuan in liquidity); The second phase of investment is 1.6 billion yuan(including liquidity of 300 million yuan); The research institute invested 230 million yuan. Within 3 years after the completion and production of the first phase, annual sales revenue of 3 billion yuan and tax revenue of 200 million yuan will be realized; Within three years after the completion and production of the second phase, the first and second phases achieved a total annual sales revenue of 5 billion yuan and tax revenue of 300 million yuan.

Qian Jiang said that the new energy vehicles are the future direction of the development of the car, and the related power battery, energy storage battery industry will enter a period of rapid development. Increased investment in the new energy industry of lithium-ion batteries is in line with the guidance of the state's new energy industry policy, the company's strategy of realizing the "10 billion yuan Qianjiang River", and the investment promotion policy for major local projects. It is beneficial to the company to do a large and strong lithium battery industry and accelerate the development of enterprises.

The page contains the contents of the machine translation.