Shoutong Group plans to invest 2 billion yuan in new energy projects in Jiangmen

Shoutong Group plans to invest 2 billion yuan in the Jiangmu New Energy Dual Carbon Industrial Park in Jiangmen, Guangdong in the next few years to build a 5GWh lithium iron phosphate battery cell and 6GWh energy storage power system production line. After the project reaches full production, it is expected to achieve an annual output value of 1.44 billion yuan and an annual tax revenue of 72 million yuan.