Foster's 3GWh high energy density lithium power project signed a contract

On April 27th, Far East Foster New Energy Co., Ltd. (hereinafter referred to as Foster) signed the contract for the annual production and development of 3GWh high energy density power storage lithium battery research and development project in Foshan, Yichun Economic and Technological Development Zone, Jiangxi The special industrial park was held and more than 300 guests attended the ceremony.

Director of Far East Holding Group, Chairman of Smart Energy and Chairman of Foster Jiang Chengzhi introduced the construction scale and technical advantages of Foster's “3GWh high energy density power storage lithium battery R&D and industrialization project” to the guests. Long-term development planning. He said that Far East Holdings has adhered to the development strategy of “main business + investment” for many years, and Smart Energy is committed to becoming the world's leading smart energy and smart city system service provider. As a wholly-owned subsidiary of Smart Energy, Foster is a lithium-ion enterprise specializing in the integration of production and sales of lithium batteries and power batteries. At present, the company's 18650 lithium battery production and sales scale ranked China **, the world's third, has been supporting nearly 40,000 sets of power batteries with new energy auto manufacturers such as Jiangling, Dongfeng, Zotye, Chery, and Shaanxi Auto. In 2016, Foster successfully entered the corporate directory of the Ministry of Industry and Information Technology, “Regulations for Automotive Power Battery Industry”.

Foster's 3GWh high energy density lithium power project signed a contract

Director of Far East Holding Group, Chairman of Smart Energy and Chairman of Foster Jiang Chengzhi spoke at the signing ceremony

Zhang Xiaoping, deputy secretary of the municipal party committee of Yichun City, Jiangxi Province, delivered a speech at the signing ceremony. Zhang Xiaoping said that Yichun City has rich lithium resources and has formed a good industrial development foundation. Enterprises must firmly believe in the development of lithium battery industry in Yichun, market-oriented, increase investment in science and technology research and development, enhance independent innovation capability, and focus on brand cultivation. To enhance the core competitiveness of the company.

It is understood that Foster's "3GWh high energy density power storage lithium battery research and development and industrialization project" total investment of 4 billion yuan, will build new plants, warehouses, office buildings and supporting facilities more than 200,000 square meters, built 6 An internationally advanced automated, intelligent power battery production line. The project will be completed and put into production within 3 years. By then, the total production capacity of Foster's 18650 lithium battery will exceed 6GWh, and the output value will be more than 10 billion yuan, achieving the goal of Yichun Lithium Battery 10 billion enterprises. Through the development of this project, Foster will fully promote the development of Yichun and surrounding lithium-ion related industrial clusters, and finally make “Asia Lithium” Yichun into a lithium-ion industrial base with influential influence.