Yiwei Lithium Energy's annual production capacity of V cylindrical batteries reaches 1.5 billion

Yiwei Lithium Energy recently announced that its 18 V-cylindrical battery production lines have reached full production, with an annual production capacity of 1.5 billion. Liu Jincheng, chairman of the company, said that currently two customers with state-owned enterprise backgrounds are using the company's large cylindrical battery products. In addition, a number of car companies are in contact with the company, and projects are gradually being approved. Starting in 2024, the number of 46 series large cylindrical batteries installed will gradually increase. As of March 13, the company's 18 V-cylindrical battery production lines have all been fully operational. Since 2015, Yiwei Lithium Energy's V-cylindrical battery project has undergone five expansions and expansions, and has built 4 V-cylindrical battery factories and 18 production lines, with a maximum annual production capacity of over 1.5 billion.