The People's Government of Pengze County, Jiangxi Province, signed a cooperation agreement with Dongguan Yihua New Energy Co., Ltd.

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On May 8, Pengze County, Jiangxi Province, and Dongguan Yihua New Energy Co., Ltd. held a cooperation signing ceremony. The first phase of the project will invest 300 million yuan, mainly to build four solid-state lithium-ion battery production lines. It is expected that the annual output value will reach 300 million yuan after production, and the annual tax contribution will be about 20 million yuan.