A signing ceremony takes place on Jan 27 to build a new aluminum shell and cover plant for lithium batteries. [Photo/Guiyang news network]
An aluminum shell and cover (for lithium batteries) project was signed by Qingzhen government and Anhui Lixiang Battery Technology Co on Jan 27.
The company is a lithium battery spare parts maker and a supplier to China's major lithium battery manufacturers including CATL and Gotion High-tech.
The development is a support project for CATL's power cell project in Qingzhen and involves 1 billion yuan ($157 million) in investment.
It will build 16 aluminum shell production lines and 25 aluminum cover production lines, with estimated annual output worth over 2 billion yuan, which will generate more than 70 million yuan in revenue per year and offer over 400 jobs to locals.