On February 17th,Tsingshan’s Industrial Group’s subsidiary, REPT BATTERO Energy Co., Ltd.(abbreviated as REPT), signed a contract with Fuling District, Chongqing for the construction of a 30GWh battery cell and PACK project.

According to the agreement, REPT will invest in and construct a 30GWh battery cell and PACK project in Fuling, with a total investment of approximately 10 billion RMB. The annual production capacity of battery cells is expected to reach 30GWh, and corresponding PACK production lines will also be established. The project is expected to be completed in 24 months, and the estimated annual output value after full production is about 26 billion RMB.