An investment of 69.2 billion yuan!

On March 18, the on-site promotion meeting of the first batch of major projects in Ningxia in 2022 was held in Yinchuan

Dang Yanbao, chairman of Baofeng Group, said that the group responded to the national "dual carbon" strategic deployment, seized the major historical opportunities for the construction and development of "nine key industries" in Ningxia's "pioneering area", and based on the commanding heights of the industry, it invested 69.

It is reported that the project includes an annual output of 200GWh lithium-ion energy storage container system, a 500,000-ton lithium iron phosphate cathode material project, a 300,000-ton artificial graphite anode material project, and a 340,000-ton electrolyte project

After the project is completed, it will form a clean energy industry cluster of 100 billion level, effectively fill the gap of the new energy storage industry in the region, and provide strong support for the high-quality development of new energy and high-end manufacturing in Ningxia, the west, and even the whole country