Shenghong Holding Group invested 30.6 billion yuan to build Zhangjiagang energy storage battery super factory and new energy battery research institute

On January 31, Shenghong Holding Group announced an investment of RMB 30.6 billion to build a super energy storage battery factory and a new energy battery research institute in Zhangjiagang. The project will be carried out in several phases, and it is expected that the annual revenue will exceed RMB 56 billion after it is fully put into production. The total investment in the first phase of the 24GWh project and the independent new energy battery research institute is RMB 14 billion, and it is planned to be completed and put into production within three years, with an estimated annual revenue of RMB 24 billion after reaching full production.