Recently, the first phase of Ningde Changying New Energy Automobile power battery structural parts project started equipment debugging, making preparations for the commercial production.

The project is constructed in two phases. With a total investment of RMB200 million (USD30.55 million), the first phase is expected to record annual production value of RMB300 million (USD45.83 million) and taxes of no less than RMB20 million (USD3.06 million) after going into commercial production. The planned investment for the second phase is RMB800 million (USD122 million). By now, the first phase project goes well, with expected commercial production in May 2021.