On the morning of January 8, the grand foundation laying ceremony for AVIC Green Power Technology Park & CALB Lithium Battery Project was successfully held in Changzhou, China.

This project is the achievement of the cooperation of AVIC and Jiangsu Province. AVIC and CALB will focus on the development of lithium power battery and green power industry to deepen the industrial restructuring, economic transformation and upgrading of Jiangsu Province.

The total investment of the project is 12.5 billion RMB (about 1.9 billion dollars), which will be completed in three phases. The first phase will invest 3 billion RMB, with the annual production capacity of lithium batteries up to 2.5 billion Wh. The second & third phases continue to start in 2016 and 2017, and the whole project is expected to complete in 2017, with the total capacity of 12.5 billion Wh every year. It will be one of the largest monomer lithium power battery production bases of China in future.

CALB is always trying to provide advanced technology and best batteries & power solutions for our customers worldwide. With the construction and completion of this new project, CALB is able to consolidate its leading position and technical superiority in the lithium power battery industry.

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