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On November 4, Xiantao City, Hubei Province, held a centralized commencement and contract signing activity for major projects in the fourth quarter, two of which were lithium battery projects.

Jingke Holdings is the second ten-billion project in the city after Rongbai Technology, with a total investment of 10.3 billion yuan. It is expected to achieve an annual output value of 30 billion yuan and an annual tax revenue of 1.7 billion yuan after all the projects are completed and put into operation.

The newly signed Shenzhen Junling New Energy Project, with a total investment of 3.8 billion yuan, plans to build 100000 tons of new energy lithium battery anode materials, and is the first lithium battery anode material production company in the city.

The settlement of the two industry leaders will certainly inject strong impetus into Xiantao City to focus on building a battery industry.

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