Xinwangda and Geely jointly build power battery project

Xinwangda and Geely jointly built a power battery project in Zaozhuang, Shandong, with a total investment of 5 billion yuan, which will be built in two phases. The project uses self-developed fully automatic module production lines and power battery system production lines. After completion, it can produce 10GWh pure electric power batteries and 300,000 sets of hybrid batteries annually. In addition, Xinwangda has invested 20 billion yuan in Zaozhuang to build 30GWh power batteries and supporting projects.