According to Huaihai Holding Group news, on November 18, Huaihai Holding Group signed a 10 billion yuan sodium-ion battery project with BYD's Fodi Battery.

The project plans a total investment of 10 billion yuan, annual production capacity of 30GWh, to create the world's largest minicar sodium electric system supplier.

Wang Chuanfu, chairman and president of BYD Co., LTD., said at the ceremony that with the rapid development of the new energy vehicle industry, battery technology continues to iterate,

Byd is willing to work with Xuzhou to seize new opportunities for the transformation of the new energy automobile industry, actively seize the commanding heights of the development of the battery industry, and help Xuzhou accelerate the construction of the new energy automobile industry chain.

He Long, CEO of Fodi Battery Co., LTD., said that sodium-ion battery technology is becoming more and more mature, and the market prospect is broad. Fodi Battery will gather high-quality resources and accelerate the landing of sodium-ion battery projects in Xuzhou.

An Jiwen, Party secretary and chairman of Huaihai Holding Group, said that the joint venture between Huaihai and Fodi in the sodium battery industry

The purpose is to integrate the advantageous resources in the middle and downstream of the sodium electricity industry chain,

give play to the advantages of both sides in technology, capital, talent, management, market, channel and industry chain, and gather Zhejiang Sodium Chuang to provide high-quality cathode materials and electrolytes.

Gather Huaihai Fodi Sodium battery Technology Co., Ltd. settled, gather Huaihai Group and other application of sodium battery enterprise advantages, service sodium battery instead of lead-acid battery application field, service energy storage application field, to achieve a big pattern, big strategy, big cooperation, big development.