Xiamen Xinnengan Technology Co., Ltd. recently announced that it will invest 12 billion yuan to build the second phase of the lithium battery production base, and the project is expected to enter the trial production stage by the end of 2025. This major investment marks the acceleration of the strategic layout of this battery company indirectly controlled by CATL in the field of new energy.

It is reported that the investment will be mainly used for plant construction, high-end equipment purchase, technology research and development and improvement of supporting facilities. After the completion of the project, it will significantly increase the production capacity of Xinnengan in the field of power batteries and energy storage batteries, and the annual production capacity is expected to achieve leapfrog growth. As an important part of the CATL industrial chain, the expansion of production will further consolidate its market position in the field of lithium batteries.

Industry experts pointed out that the implementation of the project will have multiple positive impacts: for enterprises, large-scale production will effectively reduce unit costs and enhance market competitiveness; For the industry, the release of high-quality production capacity will help alleviate the current strong demand for high-performance lithium batteries in the new energy market; For the upstream and downstream of the industrial chain, it will drive the coordinated development of cathode materials, diaphragms, electrolytes and other related supporting industries.

Xiamen Xinnengan was established in July 2021 with a registered capital of 5 billion yuan and is indirectly controlled by CATL through Xiamen Xinneng and Technology. The company focuses on battery manufacturing, sales and leasing, and the construction of the second phase of the base is an important measure for it to seize the development opportunities of the new energy industry. The landing of the project in Xiamen Torch High-tech Zone will also inject new momentum into the development of local new energy industry clusters.

As the global energy transition accelerates, the market demand for lithium batteries continues to grow. This large-scale investment not only shows the company's confidence in the prospects of the industry, but also reflects the strong development momentum of China's new energy industry chain. After the completion of the project, it will provide better battery solutions for new energy vehicles, energy storage systems and other fields.(This article is from the official website of Jiandao www.seetao.com it must not be reprinted without permission, otherwise it will be investigated, please indicate the reprint of Jiandao.com + original link) See the new energy column editor/Gao Xue