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According to statistics from the High Industry and Research Institute of Lithium Battery (GGII), the top ten battery companies in China in terms of total installed capacity of power lithium batteries from January to October 2018 produced a total of about 30GWh, accounting for 86% of the overall market share; Among them, Funeng Technology ranks fourth, with Yiwei Lithium Energy, Guoneng Battery, Wanxiang, and Penghui Energy ranked seventh, eighth, ninth, and tenth respectively.

The following is a brief introduction to the investment/new construction projects of 8 battery companies:

Wanxiang: 68.6 billion yuan/80GWh

In November, the official website of Wanxiang Group revealed that the company is publicly participating in environmental impact assessment for two projects. The first is an annual production of 80GWh lithium battery project, with a planned investment of 68.574 billion yuan; The second is the project of producing 50000 additional pure electric passenger vehicles annually, with a planned investment of 2.745 billion yuan, all located in Xiaoshan Economic and Technological Development Zone.

Linkage Tianyi: 20 billion yuan/30GWh

On September 27th, the Joint Tianyi New Energy Industry Base, with a total investment of 20 billion yuan, held a commencement ceremony in Jiangyin High tech Zone. The new energy power lithium battery and system production base will be constructed in stages and batches, with an annual production capacity of 30GWh. The total investment of this project amounts to 20 billion yuan, which mainly involves the research and development and manufacturing of lithium batteries and modules, EV power systems, and energy storage systems. After the construction is completed, the annual production capacity of lithium batteries and systems will reach 30GWh.

Funeng Technology: 15 billion yuan/20GWh

On October 26th, the Funeng Technology Zhenjiang Manufacturing Base project held a groundbreaking ceremony in Zhenjiang New Area, Jiangsu. This project is jointly initiated by Funeng Technology, China Guoxin Holdings Co., Ltd., and Zhenjiang Economic and Technological Development Zone, with a total investment of 15 billion yuan. It will be implemented in two phases, with an annual production of 20GWh power lithium batteries and approximately 400000 new energy vehicles per year.

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