Total investment of 5 billion! Phylion 16GWh power battery project settled in Yancheng, Jiangsu

On April 11, the signing ceremony of the 16GWh power battery cloud of Phylion Power was successfully held. The project was settled in Yancheng Economic and Technological Development Zone, with a total investment of 5 billion yuan. Following the Suzhou base in Jiangsu and the Chuzhou base in Anhui, Phylion's production capacity has been expanded again.

Xia Sijun, Deputy Mayor of Yancheng Municipal People's Government, Secretary of the Party Working Committee of Yancheng Economic and Technological Development Zone, Secretary of Tinghu District Committee, and leaders in charge of Yancheng Development Zone attended the signing ceremony. Feng Xiao, Chairman and President of Phylion Power Co., Ltd., Wang Zhengwei, Director of Battery Research Institute, and Liu Yang, General Manager of Human Resources Center, attended the signing ceremony.

The total planned investment of Phylion Power's 16GWh power battery project is about 5 billion yuan, and the land acquisition is about 400 mu. The entire production line will use the most advanced production equipment. After the project is fully completed and put into production, it can achieve an annual sales revenue of 10 billion yuan and a tax revenue of 300 million yuan. Chairman Feng Xiao said that the project is another important milestone in the development history of Phylion. Yancheng Economic Development Zone has many advantages such as superior business environment, strong industrial foundation, convenient transportation, and good industrial support policies. The project settled in Yancheng Economic Development Zone will help Phylion to further expand the market and expand the industry.

As a pioneer and leader in the field of power lithium batteries, Phylion has been committed to the research, development, production and sales of electric light vehicles, new energy vehicles, energy storage and other power fields for 18 years. Its products are mainly used in electric vehicles, electric bicycles, communications and environmental protection new energy fields. From 2018 to 2021, Phylion ranked first in the domestic electric light vehicle lithium-ion power battery shipments for four consecutive years, with a market share of over 40%.

The construction of the Yancheng project means that Phylion Power will have the third largest production base in China after Suzhou, Jiangsu and Chuzhou, Anhui. It will help Phylion to further integrate its advantages to release production capacity, accelerate the company's global development layout, and promote the comprehensive penetration and popularization of lithium battery energy.