On October 28, Contemporary Amperex Technology Co., Ltd (CATL) broke ground on a new lithium-ion battery production base in Yichun, east China’s Jiangxi Province. The first phase of the project involves an investment of 13.5 billion yuan (around 2.1 billion USD) to build a 50GWh lithium-ion battery production base. The Vice Governor of Jiangxi Province Ren Zhufeng, Yichun City Mayor Yan Yun and CATL Vice Chairman Li Ping attended the groundbreaking ceremony and delivered speeches.
It will become an important part of CATL’s global layout upon its completion, help the city build a new energy industry system of "lithium resources-lithium-ion battery materials-power batteries-electric vehicles," and develop it into a sustainable lithium-ion battery hub in Asia.
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