Progress Update on Billion-Dollar Semi-Solid Battery Project for Industrial and Commercial Energy Storage

Industrial and Commercial Energy Storage / Network-Structured Energy Storage! The construction progress of the semi-solid battery project, with a total investment of 1 billion yuan, has reached a new milestone.

On April 15, Zhejiang Guansheng Dongchi Energy Technology Co., Ltd. (referred to as Guansheng Dongchi) successfully completed the topping-out of its semi-solid lithium iron phosphate battery construction project, marking a significant milestone. This project spans 135.2 acres with a total building area of nearly 200,000 square meters and represents an investment exceeding 1 billion yuan. Groundbreaking for the project took place in May 2024, with an anticipated completion and acceptance by the end of 2025, and production expected to commence in mid-2026. Once operational, the facility is projected to produce 2.1 million battery cells annually.

The newly topped-out solid battery plant will focus on manufacturing next-generation solid-state battery products characterized by high safety, high discharge rates, ultra-low temperatures, and long cycle life. These batteries are expected to have wide applications in industrial and commercial energy storage, network-structured energy storage (enhancing grid stability), backup power for communication stations and data centers, electric vessels, and heavy-duty electric vehicles.

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Further Developments in Semi-Solid Batteries: On April 17, De Fang Nano announced on its investor interaction platform that their current products, including nano lithium iron phosphate and manganese lithium iron phosphate, along with lithium supplementation enhancers, are suitable for solid-state battery systems. The lithium supplementation enhancer is a crucial material for both solid and semi-solid batteries and is already being applied by some clients.

Penghui Energy: As the regulatory environment shifts from mandatory energy storage to market-driven competition, the energy storage industry is focusing more on capacity optimization and technological innovation. New policies are encouraging companies to move away from price wars and towards value-based competition. High-safety, long-life energy storage products are becoming increasingly prominent in the market.

Haopeng Technology: The company recently announced a forecast for the first quarter of 2025, estimating revenues between 1.15 billion and 1.25 billion yuan, an increase of 15.74% to 25.81% year-over-year, with net profits for shareholders expected to reach 30 to 35 million yuan, representing a staggering increase of 846.70% to 1004.48%.

Global Solid-State Battery Shipments: According to a recent report by research organization EVTank and the Yiv Economic Research Institute, global shipments of solid-state batteries are projected to reach 5.3GWh in 2024, a significant increase of 4.3 times year-on-year, with all shipments being semi-solid batteries produced primarily by Chinese companies. Full solid-state batteries are expected to see small-scale production by 2027 and larger-scale shipments by 2030.

Dongfeng Group: The company has reported key advancements in solid-state battery research, focusing on material innovation and process optimization, including collaborations to develop solid electrolytes and semi-solid composite membranes.

Guansheng Shares: On April 7, the company revealed its solid-state battery project is set to commence production by the end of this year, with capacity scaling dependent on site testing and production progress. The solid-state batteries will utilize a lithium iron phosphate and graphite solution for energy storage applications.

Ganfeng and Tianqi Focus: Amid cyclical challenges in the lithium industry, major players Ganfeng Lithium and Tianqi Lithium are shifting their strategies towards next-generation battery technologies, emphasizing lithium sulfide and lithium metal anodes as key materials.

New High-Capacity Storage Battery: On March 28, Chuangneng New Energy launched its fourth-generation large-capacity 472Ah battery, boasting a cycle life of up to 15,000 cycles, maintaining performance even in high-temperature environments.

Rongbai Technology: The company continues to invest in the solid-state battery sector, with plans to sell over 27,000 tons of ultra-high nickel products in 2024, positioning itself as a leader in both technology and production scale.

Solid-State Battery Industrialization: Experts predict that the next generation of fully solid-state batteries will achieve industrialization in the coming years, while also warning of potential disruptive risks associated with this technology shift.

Global Energy Trends: Various companies are actively pursuing new developments in energy storage and management technologies, fostering collaboration and innovation in the face of a rapidly evolving energy landscape.

Strategic Partnerships: Shanghai Ronghe Yuan Energy and Zhongzheng Smart Energy recently signed a strategic cooperation agreement to accelerate the promotion of user-side energy storage solutions.

Conclusions: The energy storage industry is at a pivotal moment, with innovations and strategic partnerships paving the way for a sustainable and efficient energy future.