On September 19, 2023, the groundbreaking of the power type energy storage device industry base project of Siyuan Electric Co., Ltd. was successfully held, marking another new force in our city's competition for the new energy industry.

The power type energy storage device industry base project that was laid this time is located in Yuqi Street, Huishan District, with a total investment of 5 billion yuan. The project is planned to be constructed in two phases, mainly producing vehicle grade high-power energy storage devices and systems such as lithium-ion batteries and supercapacitors. The first phase is expected to have an annual sales volume of about 5 billion yuan after full production, and the second phase is expected to have an annual sales volume of about 10 billion yuan after full production.

The Siyuan Electric Industry Base project, which is the foundation of this project, is another fruitful achievement of Wuxi Zhaoda to attract strength, and will greatly promote Wuxi to seize the new track of intelligent energy storage and cultivate a new highland of intelligent manufacturing clusters. Editor/Zhao E