PVTIME – On October 28, Contemporary Amperex Technology Co., Ltd (CATL) broke ground on a new lithium-ion battery production base in Yichun, east China’s Jiangxi Province. The first phase of the project involves an investment of 13.5 billion yuan (around 2.1 billion USD) to build a 50GWh lithium-ion battery production base. The Vice Governor of Jiangxi Province Ren Zhufeng, Yichun City Mayor Yan Yun and CATL Vice Chairman Li Ping attended the groundbreaking ceremony and delivered speeches.
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It will become an important part of CATL’s global layout upon its completion, help the city build a new energy industry system of “lithium resources-lithium-ion battery materials-power batteries-electric vehicles,” and develop it into a sustainable lithium-ion battery hub in Asia.