On July 28th, Inner Mongolia Great Power Zhengxin Energy Storage Technology Co., Ltd. (Great Power Technology) 50GWh sodium-ion batteries and energy storage industrial park project in Inner Mongolia Hohhot Economic and Technological Development Zone started.

It is reported that the project has a total investment of about 20 billion yuan, with a land area of about 1,200 acres, and is planned to be built in two phases:

The first phase of the project has a total investment of about 5 billion yuan, covers an area of about 430 acres, and is expected to be completed in December 2025 with a capacity of 10GWh sodium-ion battery production line.

The second phase of the project has a total investment of 15 billion yuan, with a construction capacity of 40GWh sodium-ion battery production line, and eventually a 50GWh sodium-ion battery production base and energy storage industrial park. After the project reaches full production, it can realize annual output value of about 50 billion yuan, and directly or indirectly drive employment of about 1,500 people.

Source: https://mp.weixin.qq.com/s/IisG1RhakDIBcQfOgoxZ3A