Recent Developments in the Energy Sector: New Investments and Expansions from Leading Companies

Weekly Project Updates

Chuneng New Energy Expands by 70GWh! Ningde Times Plans to Acquire a Phosphate Lithium Material Company

On October 4, 2025, Chuneng New Energy announced the signing of an investment agreement with the People’s Government of Xiangyang, Hubei Province, for a new lithium battery production base. This facility will have an annual production capacity of 70GWh and will focus on the research and manufacturing of energy storage batteries, power batteries, packs, and prefabricated cabins. Once fully operational, it is expected to become a leading hub for advanced technology in the new energy sector, effectively transforming and upgrading the energy industry in Xiangyang and Hubei.

Chuneng New Energy stated that this project marks a significant step in deepening its strategic industrial layout. The Xiangyang facility will collaborate efficiently with its other bases in Xiaogan, Wuhan, and Yichang, creating a comprehensive lithium battery ecosystem encompassing research innovation, large-scale manufacturing, and high-end applications.

8 Billion Yuan! Plit Plans to Build a 6GWh Sodium Battery Production Base in Sichuan

On September 29, 2025, Plit announced that its subsidiary, Guangdong Haida Sodium Star Technology Co., has signed an investment agreement with the management committee of the Neijiang Economic and Technological Development Zone in Sichuan. The agreement includes the establishment of a 6GWh sodium-ion battery production base. The project has a total investment of approximately 8 billion yuan, with the first phase designed to produce 2GWh and the second phase expanding to 4GWh. Construction is expected to start within 24 months after the first phase begins operations.

Power Battery Comprehensive Utilization Industrial Park Launched in Meizhou, Guangdong

On October 2, 2025, the launch of the “Xingning Power Battery Comprehensive Utilization Industrial Park” took place in the Tianhe Innovation Industrial Park in Meizhou, Guangdong. The first six companies that will set up operations there plan to invest over 1.5 billion yuan. Their business will cover areas such as battery recycling and secondary utilization, partnering closely with leading companies like Ningde Times and BYD. The park aims to attract more enterprises focused on battery reuse and regeneration, ultimately creating a hundred billion yuan industrial ecosystem.

5 Billion Yuan! New Energy Vehicle Project Established in Changzhou, Jiangsu

Recently, Zhongchuang Zhiling announced plans to invest approximately 50 billion yuan in a new energy vehicle components industry base and research center in Wujin National High-tech Industrial Development Zone, Changzhou, Jiangsu. The project will primarily focus on the research and production of motors, chassis, and thermal management components, covering an area of about 270 acres.

3 Billion Yuan! China Rui Holdings Announces Battery Component Project in South Korea

On September 26, 2025, China Rui Holdings announced that its subsidiary, Zhongrui Korea, signed a memorandum with the Gyeonggi Provincial Government in South Korea to invest up to 600 billion KRW (approximately 3 billion yuan) in establishing a secondary battery component assembly facility in Pyeongtaek, Gyeonggi Province. This area is known for its strong industrial foundation, housing numerous well-known lithium battery companies.

14.21 Billion Yuan! Binhe Chemical Plans to Build an Integrated Source-Grid-Load Storage Project

On September 30, 2025, Binhe Chemical announced plans to invest in an integrated source-grid-load storage project, which includes 160MW wind power and 100MW photovoltaic plants, along with a 130MW/260MWh energy storage system and a 110kV booster station. The total investment is estimated at 14.21 billion yuan, with a two-year construction cycle and expected annual net profit of around 50.35 million yuan.

5.5 Billion Yuan! 30,000 Ton Battery Utilization Project Signed in Shaoguan, Guangdong

On September 29, 2025, the Renhua County Government signed a project agreement with Guangdong Yukun Environmental Technology Co., aiming to address the comprehensive disposal and utilization of 30,000 tons of waste lead-acid batteries and multi-metal resources. The project, located in the Renhua Industrial Park, will have a total investment of 5.5 billion yuan and is expected to generate an annual revenue of 2 billion yuan when operational.

1.8 Billion Yuan! Battery Shell Production Project Signed in Anqing, Anhui

On September 30, 2025, a 1.8 billion yuan battery shell production project by Jiuxing Group was officially signed in Huaining County, Anhui. This project is expected to produce up to 30 million battery shells annually, generating approximately 1 billion yuan in annual revenue and creating about 200 jobs upon completion.

11.28 Billion Yuan! Hon Hai Technology Plans Overseas Joint Venture for Energy Storage Project

On September 26, 2025, Hon Hai Technology announced plans to invest in an overseas joint venture to establish a photovoltaic energy storage project in the Democratic Republic of Congo. The total investment is around 14.1 billion yuan, with Hon Hai’s share not exceeding 11.28 billion yuan.

New Energy Establishment: Huabao New Energy’s “New Energy One Building” Foundation Laid

On September 29, 2025, Huabao New Energy held a groundbreaking ceremony for its “New Energy One Building” in Shenzhen. The project aims to create a green factory and has already sold solar panels that have saved around 1.25 billion kWh of electricity and reduced carbon emissions by 1.243 million tons.

50% of Production Demand Fulfilled Dazhi Lithium Battery’s Dongguan Base Officially Launched

On September 27, 2025, Dazhi Lithium Battery held an inauguration ceremony for its new production base in Dongguan, which will meet over 50% of the company’s production needs.

Salt Lake Lithium Production Capacity Released! China Salt Lake’s “4+2” Lithium Salt Project Launched

On September 28, 2025, China Salt Lake announced that its 40,000 tons/year lithium salt integrated project has entered the trial operation phase, producing qualified battery-grade lithium carbonate.

Solid-State Battery Project Launched in Ji’an, Jiangxi

Recently, the new generation high-power silicon semi-solid battery project by Guxin Energy was announced in Ji’an, Jiangxi, which is expected to provide approximately 300 technical jobs upon completion.

1.5 Million Tons! Lithium Battery Separator Project Launched in Zhejiang

On September 30, 2025, Huaming Gaona officially broke ground on its 2 billion yuan lithium battery separator production project in Zhejiang.

12 Billion Yuan! 250MW/1000MWh Energy Storage Project Launched in Shanxi

Recently, AVIC Energy Storage announced the commencement of its 250MW/1000MWh shared energy storage project in Pingding County, Shanxi, with an investment of 12 billion yuan.

5% of Global Supply! Huayou Cobalt’s Zimbabwe Lithium Salt Project Successfully Ignited

On October 1, 2025, Huayou Cobalt’s lithium salt project in Zimbabwe successfully ignited its production line, aiming to produce 50,000 tons of lithium sulfate annually.

25.6 Billion Yuan! Ningde Times to Acquire Phosphate Lithium Material Company

On September 29, 2025, Fulian Precision announced a strategic investment to boost its collaboration with Ningde Times, aiming for enhanced capital strength and competitiveness in the production of high-quality phosphate lithium products.

Restructuring Progress: New Yangzi Trade to Assume Control

On September 30, 2025, Suntech Holdings announced a restructuring agreement that will result in a significant change of control within the company.

Funding for Weilan New Energy D+ Round Financing Completed!

On September 30, 2025, Beijing Weilan New Energy Technology Co., Ltd. announced the completion of its D+ round financing, which involves significant strategic investment from various funds.

Haijun Holdings Aims for Hong Kong Listing With Partnerships Established with Global Battery Clients

On September 26, 2025, Haijun Holdings announced plans to issue H-shares and list on the Hong Kong Stock Exchange, while also securing supply agreements with top-tier battery manufacturers.

South Grid Energy Storage Fund to be Established

Recently, South Grid Storage announced plans to collaborate with several financial institutions to set up a new energy storage fund with a target of 140 billion yuan.

LanTu Auto Submits Listing Application Fastest New Energy Vehicle Company to Achieve Quarterly Profit

On October 2, 2025, LanTu Auto submitted its listing application to the Hong Kong Stock Exchange, reporting significant revenue growth and a pathway to profitability.

Pineng Technology Extends Battery Project Timeline And Introduces New Energy Storage Project

Recently, Pineng Technology announced adjustments to the timeline for its lithium battery manufacturing project and introduced a new energy storage project in Anhui.

Yiwei Lithium Energy Secures Major European Collaboration With 1GWh Contract Signed

On September 30, 2025, Yiwei Lithium Energy announced a strategic partnership with TSL Assembly for a 1GWh energy storage system project in Central and Eastern Europe.

2.1GWh! Canadian Storage Project Secured by APT

On October 1, 2025, APT announced major contracts for energy storage systems in Canada.

Strategic Cooperation Established Between Xupai and Pineng Technology

Recently, Xupai Power signed a significant strategic partnership with Pineng Technology to supply over 1GWh in battery materials.

23 Billion Yuan! Long-term Battery Tray Project Secured by YouSheng Co.

On September 26, 2025, YouSheng Co. announced its successful bid for a long-term project developing battery trays for a well-known German automaker.

Winning Bid for Yi Xin Battery Procurement Project Amounting to 65.568 Million Yuan

Recently, Yinhui Technology won a procurement project for battery production equipment in Zhejiang valued at 65.568 million yuan.