Ruien New Energy's Phase I project is expected to be completed in May with an investment of 6 billion

It is reported that the first phase of Ruien New Energy project with a total investment of 6 billion yuan is being promoted at full speed in Changzhou City. It is expected to be completed and filed in May and reach production capacity by the end of the year. Ruien New Energy was established in November 2021 with a registered capital of 100 million yuan. It mainly develops and produces high-rate, high-energy-density large cylindrical lithium-ion batteries. The products are mainly used in power tools and high-end two-wheeled vehicles. After the project reaches full production, it will have an annual production capacity of 600 million (14GWh/year) high-capacity, high-rate lithium batteries.