Changzhou Hongzhi has launched a project for the production of 6 GWh of energy storage and charging systems, marking a significant step forward in new energy initiatives. This project aims to enhance the capabilities of energy storage systems in the region, with activities commencing on March 14, 2025, as part of the city’s broader development strategy.
Within this initiative, a total of 32 major projects will be rolled out, focusing on modern manufacturing, infrastructure development, and community sustainability. The overall investment for these projects is estimated at 176 billion yuan, with annual funding projected at 48 billion yuan.
Notably, the modern manufacturing sector includes 15 projects with a total funding amount of 105 billion yuan, and an annual budget of 16 billion yuan. Additionally, the new energy projects comprise 13 initiatives, attracting a total of 65 billion yuan in investments, with an annual funding estimate of 30 billion yuan.
Overall, the Changzhou Hongzhi 6 GWh project is expected to generate 28 billion yuan in revenue annually, with projected total production value reaching approximately 72 billion yuan after one year of operation. This effort is set to create about 800 job positions, contributing to the local economy and supporting the development of new energy sources.
The energy storage systems produced will be integrated into the new energy supply chain, enhancing the region’s capabilities in electric power generation and distribution. The project is aligned with global trends towards sustainable energy solutions and is positioned to play a crucial role in the transition to renewable energy.
In addition, the Changzhou initiative is an essential part of the broader strategy to develop green energy solutions in the area. It aims to promote sustainable practices and technologies, reducing carbon emissions and fostering a circular economy.
As part of its commitment to innovation and sustainability, the project will focus on advanced battery technologies, including the use of 720 Ah battery systems. This will facilitate the efficient provision of energy storage and management solutions across various sectors, including residential, commercial, and industrial applications.
The successful implementation of this project is anticipated to drive growth in the local economy, with an estimated value increase of around 5 billion yuan, along with a projected rise in tax revenue of approximately 200 million yuan.
This article serves as an introduction to the Changzhou Hongzhi project, with ongoing updates expected as the project progresses. For further details, please contact Customer Service.
