Shandong Fengneng Guoti New Energy Company's 5GWh semi-solid composite lithium battery project was approved

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Recently, the Administrative Approval Service Bureau of Linyi Yihe New District announced that the 5GWh semi-solid composite lithium battery project (Phase I) of Fengneng Guoti (Shandong) New Energy Co., Ltd. has been officially approved. The project is located in the Yimeng Optics Valley Optoelectronics Industrial Park in Yihe New District, and aims to establish production facilities for semi-solid composite lithium batteries and related auxiliary and public facilities. The total investment of the project is RMB 1.02 billion, covering an area of 200 acres. It is expected that the first phase will be put into production in July 2024, and the annual production capacity of semi-solid composite lithium batteries will be formed.