With the rapid development of human industrial industry, the development prospects of energy storage batteries are broad, the market demand is large, and the economic benefits are considerable. On the morning of July 18, 2023, the on-site promotion meeting of major industrial projects in Suzhou City, Jiangsu Province was held in Zhangjiagang. The leading and flagship projects with the largest single investment since Zhangjiagang City's investment promotion, Shenghong Group's energy storage battery Ultimate Factories and new energy battery research institute projects were officially started.

The overall planning capacity of Shenghong Group's energy storage battery Ultimate Factories project is 60GWh, with a total investment of 30.6 billion yuan. It will build an integrated base for research and development, testing and certification, and production and manufacturing of new energy storage batteries and systems. The first phase of the project will build a 24GWh production capacity factory and a battery research institute, with a total investment of 14 billion yuan. It is expected to be completed and put into operation within 3 years.

The project of the New Energy Battery Research Institute includes a research and development center, a testing and certification center, and an incubation center. The research institute will focus on the research and development of new Energy storage, carry out innovative exploration and key breakthroughs around the whole stack technology fields such as battery materials, battery safety, cycle life, energy density, system integration, Battery recycling, and strive to develop into an advanced Energy storage research institution. Editor/Zhao E