Source: International Electricity and Lithium
Core Tip: November 1, Jining Municipal People's Government and Shenzhen BAK Battery Co., Ltd. signed a cooperation agreement. BAK Battery Co., Ltd. will invest 14.3 billion yuan in Jining Economic and Technological Development Zone to build a set

November 1, Jining Municipal People's Government and Shenzhen BAK Battery Co., Ltd. signed a cooperation agreement. BAK Battery Co., Ltd. will invest 14.3 billion yuan in Jining Economic and Technological Development Zone to build a set of power battery production, electric vehicle production, battery life as one of the Bicke industrial park.

 According to the agreement signed by both parties, a BAK industrial park will be built in Jining Economic and Technological Development Zone in the west of Jining with a total investment of about 14.3 billion yuan, of which 8 billion yuan will be invested in power battery production projects with a capacity of 8GWh. The project's production capacity is about BAK Shenzhen, Zhengzhou, the total capacity of the two bases. In addition, pure electric new energy vehicles investment of 2 billion yuan investment projects, related investment 1.5 billion yuan, and the rest for working capital. By the end of 2020 all projects completed, the industrial park project output value of about 40 billion yuan. At the same time, BAK will also set up Jining New Energy Vehicle Research Institute and academician workstation.

 Founded in 2001, BAK Battery Co., Ltd. is a high-tech enterprise integrating R & D, production and sales of lithium ion batteries. Its main products are rechargeable lithium ion batteries, including cell phone batteries, laptop batteries, digital batteries, Power battery, etc. In 2007, "BAK Battery" won the title of China's famous brand. BAK Industrial Park in Shenzhen, Zhengzhou, Dalian, covering a total area of 360,000 square meters, is the world's largest professional manufacturer of lithium batteries. As the core business of BAK, Li-ion battery has always occupied the leading position in the market and is the supplier of ZTE, Hewlett-Packard, Lenovo, Samsung, Volkswagen and BMW, ranking the 7th in the world and the 3rd in the country. At the same time, BAK company also has a motor, electric control and vehicle control technology.

 Since its establishment, Jining Economic and Technological Development Zone has started from both soft environment and hard facility to create a good investment environment. BAK Industrial Park settled in Jining Economic and Technological Development Zone, will build in Jining R & D, production, sales, recycling as one of the new energy vehicles billion industrial clusters, to fill the gap in Jining's new energy automotive industry, accelerate the conversion of old and new kinetic energy Jining Significant.