The green revolution has come, and clean, renewable energy is the foundation of global energy policy. As the world transitions from fossil fuels to renewable energy technologies like solar, wind, and EVs, the lithium ion has become the driver of the revolution.

[2 billion power and energy storage battery production base project lands in Nanzhang, Hubei] SMM learned that on May 18th, Beijing Chenxu Electric Power Co., Ltd., Henan Lithium Power Supply Co., Ltd. and the people's government of Nanzhang County signed a 2 billion power battery and energy storage battery production base project. Among them, the first phase of the project invested 400 million yuan, mainly building three lithium-ion battery PACK production lines and one all-vanadium redox flow battery stack production line. After the completion and commissioning of the first phase of the project, total sales revenue of 3.2 billion yuan and total tax revenue of 89.6 million yuan can be achieved within six years.