CATL subsidiary Contemporary Amperex Technology in Yibin, Sichuan province, is the world's first battery factory to achieve zero carbon emissions. [Photo by Zeng Lang/For chinadaily.com.cn]
Sichuan province's Yibin is set to build a massive power battery industry cluster during the 15th Five-Year Plan period (2026-30), with annual output value targeted to exceed 300 billion yuan ($44.4 billion) by 2030, local officials said.
Liu Bin, director of Yibin's economic cooperation and emerging industries bureau, said at a news conference on Wednesday that the city's annual power battery production capacity had reached 240 gigawatt-hours, accounting for one-tenth of the global total.
Yibin's rise as a power battery hub has been propelled by investment from Contemporary Amperex Technology, the world's largest EV battery maker, which operates one of its largest production bases in the city. Its presence has helped attract over 100 upstream and downstream projects to the city, covering the entire industrial chain from raw materials to battery pack assembly and recycling.
"With major projects underway, Yibin's power battery production capacity is expected to exceed 300 GWh by the third quarter of this year," Liu said.
