The positive electrode, negative electrode and electrolyte plants of Baofeng Energy Storage and the fourth phase olefin project of Baofeng Energy were launched simultaneously
On April 27th, the on-site promotion meeting for the centralized groundbreaking of the positive electrode, negative electrode and electrolyte plants of Baofeng Energy Storage and the fourth phase olefin new materials project of Baofeng Energy was held at the Ningdong base. The total investment scale of the projects that started construction this time amounts to 31 billion yuan. Once all the projects are completed and put into operation, they can achieve an annual industrial output value of 49 billion yuan and provide nearly 10,000 jobs for society.
New energy storage is an essential infrastructure for building a new power system and an important support for promoting the integrated development of AI, computing power and power. Baofeng will invest 10.5 billion yuan in new energy storage and other projects. It will accelerate the construction and commissioning of projects with an annual production capacity of 250,000 tons of lithium iron phosphate cathode materials, 150,000 tons of artificial graphite anode materials, 170,000 tons of electrolyte materials, 100GWh of lithium batteries, energy storage systems and energy storage power stations. It will also form a new energy storage material production and battery energy storage full system manufacturing industrial cluster based in Ningxia, radiating to the northwest and facing the whole country, providing a strong foundation guarantee for Ningxia to build a national new energy comprehensive demonstration zone and "China's Computing Power Capital", and supporting the construction of green power parks, large new energy bases and computing power bases.
The Baofeng Energy Phase IV Olefin new Materials Project and others have an investment of 20.5 billion yuan. They adopt advanced process technologies in the industry. All the equipment and facilities selected are independently developed, produced and manufactured in China, achieving domestic substitution. After its completion and commissioning, the entire project's energy conversion efficiency, water consumption, energy consumption, environmental protection and other indicators will reach the industry leading level, further consolidating Baofeng Energy's leading position in the industry.