Yuneng energy storage bar

How much money will Hunan yuneng New Energy Invest?

On April 24, Hunan Yuneng New Energy announced that it plans to invest around RMB 8 billion in the development of the phase 2 of its Yunnan manufacturing base. This capacity expansion will be implemented through its wholly-owned subsidiary Yunnan Yuneng New Energy Battery Material. Furthermore, the funding will primarily come from Yuneng itself.

Why is yuneng a good place to live?

Yuneng will thus have a higher level of supply security for the key raw materials, and its material costs will also drop as well. Anning is a county-level city under the administration of Kunming, the capital of China’s Yunnan Province.

What is Hunan yuneng's production capacity in 2022?

As of the end of 2022, Hunan Yuneng’s annual production capacity and annual production volume for LFP had come to around 348,000 tons and 337,200 tons respectively. The utilization rate of its production capacity for LFP had also reached 96.82%. The planned annual production capacity for LFP at that amounted to around 140,000 tons.