Geely enters energy storage field, invests 2 billion to build 5GWh energy storage project

In addition to the field of power batteries, Geely has further expanded into the energy storage industry. According to Qidian Energy Storage Network, on January 8, Geely's Quzhou Jidian Company announced an investment of 2 billion yuan to build a 5GWh energy storage integration and equipment project. The project is expected to build 5 energy storage integration production lines, and after full production, it will achieve an annual output value of 4 billion yuan and 200 million yuan in tax revenue. Quzhou Jidian said that the project uses advanced intelligent and digital technologies, including machine vision, 5G, big data, etc., and the products produced have the characteristics of high energy efficiency, high safety, and high economy, and are suitable for a variety of application scenarios.