A total investment of 10 billion! AVIC Lithium Project successfully settled in Xiamen

On June 30, 2019, China Aviation Lithium Power Technology Co., Ltd., Xiamen Torch High-tech Zone Management Committee and Jinyuan Group signed the "Investment Cooperation Agreement" in Xiamen Administrative Center, with a total investment of 10 billion yuan. The battery production line project officially settled in Xiamen Torch High-tech Zone. Liu Jingyu, Chairman of AVIC Lithium Battery, Huang Xiaozhou, Director of Xiamen Torch High-tech Zone Management Committee, and Tan Zhuanglong, Chairman of Jinyuan Group, signed the agreement on behalf of the three parties. Xiamen Municipal Party Committee Secretary Hu Changsheng, Mayor Zhuang Jiahan, Vice Mayor Li Huiyue, Xiangan District Party Secretary Huang Fenqiang and other government leaders, China Aviation Industry Corporation Industrial Development Department specializing in Sun Weikui, Xiamen Tungsten Industry Chairman Huang Changgeng, AVIC Lithium Battery Executive Team And witness the signing ceremony.

Before the signing ceremony, representatives of the parties held cordial and friendly talks on project cooperation and future development. Secretary Hu Changsheng and Mayor Zhuang Jiahan congratulated the AVIC Lithium Project on its successful settlement in Xiamen and expressed its expectation for the future development of the project in Xiamen. They said that the investment of AVIC Lithium in Xiamen is a full affirmation of Xiamen's investment attraction, business environment and development prospects; the project can be negotiated within two months, benefiting from the good cooperation foundation and efficient and pragmatic team style and work. Capabilities, I hope that the two sides will continue to work together to refine the timetable and roadmap for project implementation, and start construction of the project at full speed as soon as possible, and complete the project as soon as possible, injecting new momentum into the high-quality development of Xiamen industry. All relevant departments at all levels must fully cooperate, seamlessly connect, and implement high-quality and high-efficiency projects.

AVIC Lithium Technology Co., Ltd., Xiamen High-tech Zone Management Committee and Jinyuan Group signed the "Investment Cooperation Agreement" in Xiamen

Chairman Liu Jingyu thanked the Xiamen Municipal Party Committee and Municipal Government for attaching great importance to the project and vigorously promoting it. She said that the power battery industry is a national strategic emerging industry with huge market potential. AVIC Lithium is full of confidence in the development of the project in Xiamen and will make every effort to promote the project to start production as soon as possible. Operation, returning to all parties with the best results. Liu Jingyu said that AVIC Lithium will further increase its R&D investment and continue to build products to make the company a global leader in sustainable battery manufacturing.

The total land area of ​​the AVIC Lithium Xiamen project is 850 mu. It will build a highly intelligent, green and environmentally advanced battery and power system industrial base in accordance with international first-class and domestic leading standards. After production, it will have an annual production capacity of 20GWh. The project will be implemented in two phases. The first phase (A6 project) is scheduled to start in the third quarter of 2019, and the fourth quarter of 2020 will be put into operation, and then the second phase of the project will be started.

Reading volume: Source: Air lithium Author: Yue Feng

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