An exterior view of Jiangsu Sunpower. [Photo/WeChat account: txfabu]
A project managed by Jiangsu Sunpower in the Taixing Huangqiao Economic Development Zone, Taixing, Jiangsu province, has recently been added to the latest list of candidate projects for policy-based financial instruments, as announced by the National Development and Reform Commission.
The project, with an approved budget of 95 million yuan ($13.34 million), aims to expand intelligent manufacturing of high-rate lithium batteries and will establish two main production lines: the 18650 and the 21700 lithium battery lines.
Once operational, it is expected to generate 195 million high-rate lithium-ion batteries each year.
The company is an innovative leader in the global high-rate lithium battery sector. Its core product, the 21700 high-rate lithium battery, boasts excellent fast-charging ability and stable low-temperature operation. This breakthrough has ended the dominance of Japan and South Korea, allowing the company to secure a place in the top five worldwide markets.