On September 12, Longji Hydrogen Energy Wuxi Phase II Expansion Project was signed and landed. The plan is to increase capital and expand production in the existing plant area, which will have the capacity to produce 500 hydrogen production equipment annually after putting into operation, with a maximum output value of 4.5 billion yuan after full production.
It is understood that Wuxi Longji Hydrogen Energy is located in the New Energy Industrial Park of Wuxi High-tech Zone in Jiangsu Province. In mid-2021, Longji shares signed Longji New Hydrogen Energy Equipment Project with Wuxi High-tech Zone. The project is invested and constructed by Xi'an Longji Green Energy Venture Capital Management Co., Ltd. and uses Longji's latest research and development technology to build an electrolytic water hydrogen production equipment base in Wuxi. The first phase of the project has a registered capital of 100 million yuan and a total investment of 300 million yuan. After the completion of the first phase of the project, it has formed an annual production capacity of 1.5GW electrolytic water hydrogen production equipment.