On July 1, 2022, the government of Xiaoting District, Yichang City, Hubei Province signed a cooperation agreement with Weijing Energy Storage Technology Co., Ltd. and Hualin Titanium New Energy Zhuhai Co., Ltd. to determine a new type of zinc-iron liquid energy storage with a total investment of 16 billion yuan. The battery project and the composite titanium battery project were officially settled. Municipal Party Secretary Wang Li attended the signing ceremony and witnessed the signing. Deputy Secretary of the Municipal Party Committee and Mayor Ma Zejiang presided over the signing ceremony.

Ge Qun, Global Senior Vice President of Synopsys and Chairman of China, Wu Zuoyi, President of SK Group China, Gong Bin, President of Zhuhai Advanced Integrated Circuit Research Institute, Yue Bin, Founding Partner of Gaorong Capital, Weijing Energy Storage Technology Co., Ltd. Liu Lei, Chief Intelligent Manufacturing Officer, and Gao Feng, President of Hualin Titanium New Energy Zhuhai Co., Ltd., were invited to attend.

Wang Li welcomed all entrepreneurs to invest in Yichang. He said that Yichang is the location of the Three Gorges Project and the Gezhou Dam Project, which are major powers. It provides 7% of the country's green energy with 0.2% of the country's land area. At present, we are deeply studying and implementing the spirit of General Secretary Xi Jinping's important speech on Hubei's inspection, fully implementing the spirit of the 12th Provincial Party Congress, and accelerating the construction of a provincial sub-center city and a regional center in the middle and upper reaches of the Yangtze River in accordance with the new positioning of the Provincial Party Committee for Yichang. The city is striving towards linking "two circles", radiating "two places" and building "two hubs", focusing on new energy power batteries, energy storage batteries and other fields, continuing to promote the iterative upgrading of the chemical industry, and realizing "changing lanes and overtaking" ". On the special festive day of the party's 101st birthday, all entrepreneurs came to witness the two outstanding enterprises set up their projects in Yichang. This is our trust. The new zinc-iron liquid energy storage project and composite titanium battery project signed and settled this time are highly compatible with Yichang's development strategy, and are also major industrial projects supporting economic and social development under the background of dual carbon. We will continue to create a good business environment, and strive to build Yichang into a modern dream city full of vitality that can attract various elements to gather together, and create favorable conditions for the innovation and development of enterprises.

Ge Qun, Wu Zuoyi, Gong Bin and Liu Lei delivered speeches at the ceremony respectively. Everyone believes that in the context of "dual carbon", safe, reliable and economical energy storage products are the infrastructure for realizing energy digitization and precise dispatching, and are also the key products to ensure "carbon control but not energy control". As the energy storage market is about to break out, Yichang has comprehensively deepened its cooperation with leading companies to build a new type of zinc-iron liquid energy storage and composite titanium battery projects, which not only conform to the concept of green development, respond to national policies, but also seize the opportunity The track, won the market opportunity. Everyone said that on the road to achieve "double carbon", they will gather business partners, support Yichang and Xiaoting, build zero-carbon urban areas and zero-carbon parks, lead green transformation and development, and help Yichang better transform "green water and green mountains" into "green mountains". Gold and Silver Mountains".

This contract includes two projects of zinc-iron liquid flow energy storage and composite titanium battery. Among them, the zinc-iron liquid flow new energy storage battery and centralized energy storage power station project was invested and constructed by Weijing Energy Storage Technology Co., Ltd. with a total investment of about 13 billion yuan, and the composite titanium battery project was invested and constructed by Hualin Titanium New Energy Zhuhai Co., Ltd. The total investment is about 3 billion yuan. It is reported that South Korea's SK Group will participate in the latest financing of Hualin Titanium New Energy Zhuhai Co., Ltd.

Municipal leaders Zhang Lixin and Yang Weihua, and Li Jun, secretary-general of the municipal government, attended the signing ceremony. Editor/Zhao E