Xinwanda and Dongfeng Group jointly promote Dongyu Xinsheng new energy vehicle project

Xinwanda and Dongfeng Group jointly promote the Dongyu Xinsheng New Energy Project, focusing on the research and development, production and sales of power batteries. The total investment of the project is about 12 billion yuan, and it is planned to build a 30GWh power battery production base in two phases. The first phase covers an area of ​​710 acres, with an investment of about 8 billion yuan and an estimated production capacity of 20GWh; the second phase covers an area of ​​235 acres, with an investment of about 4 billion yuan and an estimated production capacity of 10GWh. After the project is fully put into production, the annual output value is expected to reach 24 billion yuan, providing about 3,500 jobs.