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SAIC and Tsingshan Group signed a joint venture power battery project to supply SAIC-GM-Wuling

Recently, we learned from relevant channels that the project cooperation agreement and investment agreement between Syckel Ruipu and Ruipu Seck with an annual output of 20GWh power battery cells and systems jointly established by SAIC Motor group and Tsingshan Group were officially signed in Liuzhou, Guangxi. In the future, it will supply new energy products under SAIC-GM-Wuling.

SAIC and Tsingshan Group signed a joint venture power battery project to supply SAIC-GM-Wuling

The signed project plans to build an annual production capacity of 20GWh power battery and system industry base in Liudong New Area, Liuzhou, with a total planned land area of 1400 mu, and the project covers the production and manufacturing of key products such as power battery cells, battery systems, battery core components, cathode materials, and separators.

The total investment of the industrial base is planned to be 10 billion yuan, of which the start-up projects are battery cell companies and battery system companies, with a land area of about 620 mu, divided into two phases to build an annual production capacity of 20GWh new energy power battery cell production lines and 20GWh battery system production lines, with a total investment of about 5.5 billion yuan.

After the project is fully produced, it is expected to form an annual output value of 20 billion yuan, with the goal of building a new energy battery industry base with domestic competitive battery research and development and manufacturing capabilities, focusing on the research and development, production and sales of battery cells, modules, BMS and power battery packs, at the same time, it will expand innovative business, layout CTC chassis, battery ladder utilization, battery recycling and other businesses, and plans to attract upstream and downstream industrial chain enterprises such as positive and negative materials, structural parts, separators and electrolytes, and continue to improve the new energy battery ecosystem.

SAIC and Tsingshan Group signed a joint venture power battery project to supply SAIC-GM-Wuling

Saic-GM-Wuling released the "two million, five billion" - China Wuling New Energy Strategy this month, which will build a million pure electric new energy platform, a million hybrid new energy platform, and five tens of billions of industries of batteries, electric drives, electronic controls, business services and robots. In 2023, we will strive to achieve annual sales of one million new energy vehicles.

At present, the cumulative sales of GSEV products of the global small pure electric platform under SAIC-GM-Wuling have exceeded 800,000 vehicles, of which the cumulative sales of the "people's scooter" Hongguang MINIEV have exceeded 600,000 units, winning the first place in China's new energy sales for 18 consecutive months, and reaching the top of the global new energy single model sales champion for five times, making outstanding contributions to the popularization of new energy vehicles and the achievement of the national "double carbon" goal.

The landing of this project will become an important support for the strategy of "10 billion battery industry". At the same time, the landing of the project will also promote the construction of a high-end, intelligent, green and efficient modern automobile industry chain in Guangxi Zhuang Autonomous Region and Liuzhou City, and make guangxi's automobile industry and emerging industries bigger, stronger and better.

SAIC and Tsingshan Group signed a joint venture power battery project to supply SAIC-GM-Wuling

According to the data displayed in the "New Energy List" of the EasyCar App, saic-GM-Wuling and SAIC-GM-Wuling New Energy brands ranked 2nd and 3rd respectively. For more data, please check it out on the EasyCar App.

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