The world's first fully automatic all-solid-state lithium battery production line will be built by China's Pingmei Shenma Group
On October 12th, a significant event took place in Fengquan District, Xinxiang City, as Henan Heping Power Co., Ltd. announced the signing and construction of a major project focused on high-energy lithium-ion batteries. This initiative, backed by a total investment of 5 billion yuan, aims to establish an annual production capacity of 10 GWh. The project is part of China Pingmei Shenma Group's strategic move to expand into the new energy and materials sector, signaling a bold step into a promising industry. The 10GWh lithium battery project, developed by Henan Pingguo Guoneng Lithium Battery Co., Ltd., is a joint effort between China Pingmei Shenma Group, Beijing Guoneng Battery, and the Xinxiang Municipal Government. With a total investment of 5 billion yuan, this large-scale project will occupy nearly 2,000 acres and is expected to create over 2,000 job opportunities. The first phase, which involves a 1GWh production line, will cost 590 million yuan and is set to be completed by the end of 2018. Once operational, it is projected to generate 1.8 billion yuan in revenue and 360 million yuan in profits. After full completion, the project is anticipated to bring in nearly 30 billion yuan in sales revenue and contribute 5 billion yuan in profits and taxes. With strong support from both national policies and market demand, the power battery industry is experiencing rapid growth alongside the expansion of the new energy vehicle sector. Lithium-ion batteries are becoming essential for mobile energy storage, offering vast market potential and long-term growth opportunities. China Pingmei Shenma Group has been actively expanding its presence in various sectors, including electroplated diamond wires, high-purity silane, monocrystalline silicon solar cells, photovoltaic power stations, and lithium battery cathode materials. By focusing on lithium-ion batteries, the group is building a solid foundation for its new energy and materials business, enhancing industrial chain integration and boosting its competitive edge. The project will leverage the advanced technology and extensive manufacturing experience of Beijing Guoneng Battery and the Xinxiang Battery Research Institute, following the principle of "high starting point, specialization, and high quality." Upon completion, it will establish the world's first fully automated all-solid-state lithium-ion battery production line, with product and process levels 5-8 years ahead of global standards. This will position the product as highly competitive with international brands, opening up significant market potential. Additionally, the project aims to revive the iconic "Zhonghua" battery brand from Xinxiang, giving it a fresh start and renewed recognition. Despite facing challenges and difficult economic conditions, Pingmei Shenma Group has demonstrated resilience and determination. Through unified efforts and strategic transformation, the group has navigated through one of the toughest periods in its 60-year history. From January to August of this year, the group achieved operating income of 89.4 billion yuan, representing a 13.9% year-on-year increase, and recorded a profit of 700 million yuan. These results reflect the company's return to a stable and healthy development path. Standing at a new historical crossroads, guided by the “Four Transformations†strategy, China Pingmei Shenma Group continues to grow and evolve. With a vibrant and dynamic spirit, the group is taking confident steps forward, carrying the hopes and responsibilities of the Central Plains region, and moving steadily toward its future ambitions and aspirations. Lv 3Ph Asynchronous Motor,Three Phase Asynchronous Motor,3 Phase Asynchronous Motor,Asynchronous Motor 3 Phase Yizheng Beide Material Co., Ltd. , https://www.beidevendor.com