14.25 billion! Another Gigafactory Starts

On July 15, the commencement ceremony of Aerospace Lithium Power Base in Baotou, Inner Mongolia and the commencement ceremony of Aerospace Lithium Power 30GWH Lithium Battery PACK Super Factory-level Battery Integration Industrial Base Project (Phase I) were successfully held in Jiuyuan Industrial Park. At

the ceremony, Aerospace Lithium Power and Beiben Heavy Truck reached a strategic cooperation agreement around the target landing of Baotou New Energy Project, and will carry out in-depth cooperation in the future to fully implement the "New Energy Project" in the autonomous region. Wang Yadong, Chairman of

Aerospace Lithium Power, and He Qing, Secretary of the Party Committee and Chairman of Beiben Heavy Truck, signed the contract on behalf of the two companies.

It is reported that as the first production base of aerospace lithium power in Northwest China, the project base has a total investment of 14.25 billion yuan and covers a total area of 1200 mu. The investment in the first phase is about 4.75 billion yuan. After reaching the production capacity, it is estimated that the total annual output value will be about 10 billion yuan, the annual tax revenue will be about 300-500 million yuan, and 1000 people will be employed. It can produce 5G wh lithium battery Pack, 5G wh battery core and upstream and downstream supporting products annually. Han Mingkai, secretary and director of the Party Group of the Development and Reform Commission

of Jiuyuan District, said , "We took the initiative to visit this project in early May and reached the intention of cooperation in early June.". The municipal government and the municipal development and reform, industry and telecommunications departments have given great support, and our district has also set up a joint work class, in the project site selection, company registration, office space, formalities, elements of security and other links, designated a special person to watch the whole process of assistant, from docking, signing, to today's project start, lasted only 37 days. It is another new record in the history of investment promotion in our region.

Source: Aerospace Lithium Battery