8GWh！ Kexiang Electronics 2 billion cross-border sodium electricity

On September 22, Kexiang Electronics announced that the company intends to sign an investment agreement with the Business Environment and Investment Promotion Bureau of the Management Committee of Daya Bay Economic and Technological Development Zone, Huizhou, Guangdong Province, on the project of Kexiang 8g WH Sodium-ion Energy Storage Battery and Related Products. Invest in the construction of "Kexiang 8GWH Sodium Ion Energy Storage Battery and Related Products Project" in this area.

According to the announcement, the total investment amount is 2 billion yuan, of which the fixed assets investment (plant, infrastructure and equipment, etc.) Is 1.7 billion yuan. The preliminary site of the project is located in Tangheng District, a new industrial park, covering an area of 120000 square meters. The follow-up will produce sodium-ion energy storage batteries and related business products of the group, with an annual production capacity of 8 GWH sodium-ion energy storage batteries. After completion, the annual output value/revenue is 4 billion yuan, and the annual tax payment is 125 million yuan. According to

the data, Kexiang Co., Ltd. was founded in 2001 and is an enterprise mainly engaged in electrical machinery and equipment manufacturing. At present, the company has five PCB production bases in China, including Huizhou in Guangdong, Shenzhen in Guangdong and Jiujiang in Jiangxi. The products are mainly used in 5G communication, automotive electronics, industrial control security, new energy, medical electronics and other fields. In January

this year, the company signed the Investment Cooperation Agreement with Qingdao Sodium Core Enterprise Management Partnership (Limited Partnership), and planned to invest 10.5 million yuan to establish a joint venture with the latter. According to the announcement, the new company's business scope mainly includes battery manufacturing; R & D, production and sales of raw materials such as cathode materials, anode materials and electrolyte for sodium-ion and lithium-ion batteries; R & D, production and sales of sodium-ion and lithium-ion batteries, battery packs, battery management systems and components, and energy storage systems.