On the morning of April 24, 2024, in the Sino-Suzhou-Chuzhou High-tech Zone, the construction of the 4GWh lithium-ion battery project of Xingheng Power Supply (Chuzhou) officially kicked off.

The total investment of the project is as high as 1.83 billion yuan, and it is expected to complete the construction of the plant in September this year, and fully completed and put into operation in December. Once the project is completed and put into production, it is expected to achieve an annual output value of about 2.34 billion yuan, injecting new impetus into local economic development.

After 20 years of unremitting efforts and steady development, Xingheng has successfully implemented the global industrial layout strategy. At present, the company has established production bases in Suzhou, Chuzhou, Indonesia, Hungary and other places, and set up subsidiaries in Europe, India, Southeast Asia and Singapore. In addition, Xingheng also actively expand the battery raw material business, the establishment of Xingheng Qingyuan; Launched the battery operation brand Chengmandian, and entered the field of battery recycling, and established Xingheng New Materials, thus realizing the ecological evolution of the whole industry chain. The company's products are widely used in new energy fields such as electric vehicles, energy storage systems and electric light vehicles, making important contributions to the sustainable development of the industry.

With the increasing global attention to renewable energy and environmental protection technologies, lithium batteries as a key component of the new energy field, its market demand is growing. The construction of the 4GWh lithium battery project will effectively promote the formation and improvement of the local new energy industry chain and inject new impetus into the local economic development. As an enterprise with a global vision, Xingheng Power has established production bases and subsidiaries in many places around the world, forming a relatively complete industrial chain layout. The start of the annual output of 4GWh lithium battery project will further consolidate and expand the company's share in the global market and enhance its influence in the global new energy industry chain.Editor/Zhang Liyuan