100 million yuan invested in building a 5gwh lithium iron phosphate energy storage battery project

Will Penghui energy raise 4.5 billion yuan for 10gwh energy storage battery project?

The project mainly produces lithium-ion batteries and lithium battery systems for the energy storage market On July 20, 2022, Penghui Energy announced that the company plans to raise no more than 4.5 billion yuan for the first and second phases of the 10GWh energy storage battery project.

How much yuan will be invested in Penghui smart energy storage?

Another 800 million yuan is planned to be invested in the Penghui smart energy storage and power battery manufacturing base project. The project is implemented by Liuzhou Penghui Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, with a total investment of 1.2 billion yuan and a construction period of 15 months.

What is China's Lithium-ion battery production capacity?

It mainly produces lithium-ion batteries and lithium battery systems for energy storage and new energy. In the automotive market, an annual production capacity of 5.5GWh of lithium-ion batteries can be formed. In addition, the 1.3 billion yuan raised will be used to supplement the company's working capital.

What will Penghui Energy Invest in?

The funds raised by Penghui Energy will be mainly used to expand production capacity. Among them, 2.4 billion yuan will be invested in the first and second phase projects of energy storage batteries with an annual output of 10GWh.

Who is Liuzhou Penghui energy technology company?

The project is implemented by Liuzhou Penghui Energy Technology Co., Ltd., a wholly-owned subsidiary of the company, with a total investment of 1.2 billion yuan and a construction period of 15 months. It mainly produces lithium-ion batteries and lithium battery systems for energy storage and new energy.

What is the energy storage battery project in Zhizao new city?

At the same time, it is planned to build an energy storage battery project with an annual output of 20GWh in the Zhizao New City of Quzhou City, Zhejiang Province, with a total investment plan of about 6 billion yuan.