Nandu Power Supply: planned to expand the capacity of 2300MWh power lithium battery

SMW power yesterday at noon, according to the announcement to meet the company product structure adjustment and industrial upgrading and the need of sustainable development, the company 1.78 billion yuan investment to build yearly produces 2300 MWH power lithium ion batteries technical renovation project.

The company said that as the power lithium ion battery shipments of rapid growth, order a big increase in demand, the existing production capacity have been unable to meet the needs of the future market, so the company plans through motivation lithium electricity technical renovation project, comprehensive promotion lithium battery production capacity, further optimize the product structure.

It is understood that the project total investment is 1.781 billion yuan, of which 1.436 billion yuan investment in fixed assets, project circulating capital of 345 million yuan, for the construction of two years. After the completion of the project, the company lithium ion battery capacity will be from the original 1200 MWH ascending to 3500 MWH, three yuan material power lithium ion battery capacity would increase greatly, is expected to reach 1600 MWH; lithium iron phosphate lithium-ion battery capacity will reach 1900 MWH.

At the same time, because of the investment plan to a wholly owned subsidiary of SMW power for the implementation of the main body, the company will to capital increase of SMW power, total does not exceed 1.781 billion yuan.

The page contains the contents of the machine translation.