The project, with a total investment of approximately Yuan 2.5 billion, is funded by Zhejiang Lumao Tong Holding Group. It will establish a high-end digital factory for solid-state battery (compatible with semi-solid-state) production, with an annual capacity of 5 GWh. Upon reaching full production, the project is expected to generate an annual output value of Yuan 5 billion and tax revenue of 150 Yuan million.
According to the report, on April 11, 2025, the Investment Promotion Center of Qiantang District People's Government in Hangzhou, Zhejiang, signed a tripartite cooperation framework agreement with Shenzhen Origin Battery and Zhejiang Lumao Tong Energy Storage Company. The agreement outlines joint investment in the construction of a 5 GWh all-solid-state new energy industrial park.
300 Million Yuan Solid-State Battery Project Lands in Wuxing District
Dare Auto announced that it has signed an "Investment Cooperation Agreement" with the Zhili Town People's Government in Wuxing District, Huzhou City, Zhejiang Province. The company plans to invest approximately Yuan 300 million to establish a pilot and industrialization project for new type lithium-ion batteries, as well as an intelligent motor industrialization project.
According to the plan, the first phase of the project will carry out pilot research and development of lithium batteries, and the second phase will start the construction of a 1 GWh lithium battery production line at an appropriate time to build intelligent motor or other automotive component production lines.
Edited by Cassie Li, lixiangying@mysteel.com
