of November 16, Xiangshui County, Yancheng City, Jiangsu Province, held a high-quality development project start-up activity. A total of six projects have been launched with a total investment of 2.1 billion yuan, involving new energy, new materials, automotive parts, agricultural production and other fields.
Among them, Linyuan 4GWh system integration and energy storage battery manufacturing project also started simultaneously on the same day. It is reported that the project was invested and constructed by Linyuan Holding Group Co., Ltd. with a total investment of 1.2 billion yuan , using 40000 square meters of No.3 and No.4 workshops in Xiangsheng Industrial Park. The construction is divided into two phases, the first phase is to build a fully automatic stack production line of 1GWh all-vanadium flow energy storage battery, and the second phase is to build a fully automatic stack production line of 1GWh all-vanadium flow energy storage battery, which can produce 4GWh energy storage battery annually.