Fudi Battery and China FAW jointly launched a joint venture power battery project in Changchun

On February 26, 2022, the power battery project jointly developed by Fudi Battery Co., Ltd. and China First Automobile Group Co., Ltd. in Changchun was officially launched. The project has an investment of 13.5 billion yuan, covers an area of ​​800,000 square meters, and is expected to have an annual production capacity of 45GWh, which can provide support for 1 million new energy vehicles, and the annual output value is expected to exceed 20 billion yuan. FAW Fudi New Energy Technology Co., Ltd. focuses on the production of key components such as new energy cells and modules. The cooperation between the two parties aims to build a strategic power battery base in Northeast China, promote the development of the local new energy vehicle industry, and help the rise of national automobile brands.