[Wuyi Power Battery Project Commences Construction] On November 28th, the Wuyi Zhongling New Energy Power Battery Intelligent Manufacturing Base project officially started construction. This key project, jointly built by China Innovation Aviation and Leapmotor, is expected to start production in June 2026, with an annual output value exceeding 10 billion yuan after reaching full capacity. The total investment of the project is 7.5 billion yuan, including 115.65 million yuan for environmental protection investment. The project will build a production line with an annual capacity of 33.6GWh for power battery systems. The main body of the project construction is Zhongling New Energy Technology (Zhejiang) Co., Ltd., whose business scope covers key areas such as new material research and development and promotion, power battery manufacturing and sales, and sales of new energy vehicle battery swapping facilities. Editor/Cheng Liting

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