On the morning of August 3, 2022, the groundbreaking ceremony for the 18GWH lithium iron phosphate battery project of Gansu Jinche Energy Storage Battery Technology Co., Ltd. was held in Jinchang Economic and Technological Development Zone. Accompanied by the sound of mechanical whistle and gun salute, the leaders of the meeting waved shovels and cultivated soil for the cornerstone, and the audience burst into warm applause, marking the official start of the Jinche Energy Storage 18GWH lithium iron phosphate battery project.

18GWh lithium iron phosphate battery project

Gansu Jinche Energy Storage Battery Technology Co., Ltd. is Jintuo Lithium Electronics Co., Ltd. The 20GWh lithium iron phosphate square energy storage battery is its main project, which is a major provincial project.

The project is to be constructed in two phases, of which the first phase has an investment of 1 billion yuan. Construction has started in March 2022 and is expected to be completed and put into operation by the end of the year. The second phase of the project will invest 6 billion yuan to build a 18GWh lithium iron phosphate energy storage battery production line and its supporting ancillary facilities, covering an area of 327 acres. It is expected to be completed and put into operation by the end of 2023.

After the project is completed and put into operation, it will realize a total industrial output value of 20 billion yuan, an annual sales income of 17.6 billion yuan, an annual profit of 1.12 billion yuan, and a tax revenue of nearly 2 billion yuan. , effectively driving the development of the upstream and downstream industrial chains, with significant comprehensive benefits. It is also the largest energy storage battery production base in Northwest China and the first wind and photovoltaic energy storage production enterprise in Gansu Province, filling the market gap in the new energy field. Editor/He Yuting