Zhuhai City signed project contracts on June 6 to construct two major new energy projects, which will significantly accelerate local development.

One such project is the over 2-billion-yuan ($281-million) new energy storage industry base in the Zhuhai National Hi-Tech Industrial Development Zone (Tangjiawan), which is invested in by Shenzhen Shineyoung New Energy Technology. The project will focus on the research and development of charge-discharge and energy storage equipment. Upon operation, its output value in three years is expected to surpass 5 billion yuan ($702 million).

Shenzhen Shineyoung New Energy Technology, a subsidiary of Contemporary Amperex Technology (CATL), is a leading industrial provider of new energy products and solutions. It is now one of the main suppliers to many prestigious enterprises such as CATL, BYD, Geely, Shanghai Automotive Industry Corporation (SAIC), and Cornex New Energy. 

Contract signing ceremony for Shenzhen Shineyoung New Energy Technology's project in the Zhuhai National Hi-Tech Industrial Development Zone (Tangjiawan) [Photo by Wu Changfu / Guanhai App]

Yao Bing, general manager of Shenzhen Shineyoung New Energy Technology, spoke highly of the Hi-Tech Zone's investment attraction team. Yao added that during the on-site visit, the zone's sci-tech innovation environment, industrial environment, and business environment greatly impressed the enterprise.

The project is expected to accelerate the development of the energy storage industry in Tangjiawan and inject new vitality into Zhuhai's high-quality development. The zone will make full use of the project's settlement to build a new energy storage industrial park in the Guangdong-Hong Kong-Macao Greater Bay Area, while also striving to form an energy storage industrial cluster.

At present, Tangjiawan is home to nearly 140 new energy enterprises, such as Shenzhen Shineyoung New Energy Technology and Zhuhai Kortrong Energy Storage Technology. The total economic scale of enterprises above designated size went up by 26.1 percent year-on-year to nearly 14 billion yuan ($197 million).

The other energy storage project was settled in Doumen's Fushan Industrial Park on July 5, and was invested in by Jiangsu Highstar Battery Manufacturing. It is expected to begin full operation in the fourth quarter of 2024 and is set to achieve an annual output value of 4 billion yuan ($562 million). 

Jiangsu Highstar Battery Manufacturing is one of China's earliest domestic enterprises to realize the industrialization of lithium battery technology. Its products have been widely applied in areas of new energy storage, "smart" home appliances, new energy vehicles, and aerospace.

Located east of the Hezhou-Gaolan Port Expressway and south of Liansha Road (planned), the project has a total area of 129 mu (21 acres) and will mainly focus on the production of sodium ion and lithium-ion batteries.

The project's factories are being constructed by Zhuhai Da Heng Qin Development, and will finish construction by the end of October. Upon operation, Jiangsu Highstar Battery Manufacturing will pay rent to Zhuhai Da Heng Qin Development as a refund for the construction costs.

Officials of Doumen district's investment promotion center noted that this refund model not only relieves financial pressure on enterprises, but also reduces infrastructure construction time. As of now, there's no need for them to handle complicated project approval and examination procedures or search for a professional construction team.

Chen Gang, general manager of Jiangsu Highstar Battery Manufacturing, said that the enterprise will introduce a batch of high-end intelligent equipment in order to turn the project into a modern industrial base and a new benchmark in the new energy industry.

The project is expected to speed up the formation of Fushan Industrial Park's photovoltaic + energy storage development pattern.