HOdo to invest in building 3GW high-power solid lithium battery smart manufacturing project
2022-07-18 11:13:42 [Print]
HOdo Group announced on July 15th that its holding subsidiary, Hongri Wind Energy, plans to sign a cooperation agreement with Chaoyi Power and sign an investment agreement on a 3GW high-power solid lithium battery smart manufacturing project with Chaoyi Power and the government of Jining district, Ulanqab, Inner Mongolia
. The three parties will establish a project company to build the 3GW high-power solid battery smart manufacturing project in Baihaizi in Jining district with a total investment of about RMB1 . 5 billion (USD222 . 09 million) . Of the project company's total planned registered capitals of RMB300 million (USD44 . 42 million), RMB270 million (USD39 . 98 million) will come from Hongri Wind Energy which will hold 90% shares of it . The project company is planned to start building in August 2022 and go into production in 2023; its phase two engineering will go into full production in 2024.