China’s Shandong province plans $14bn lithium battery industry by 2025

China’s Shandong province plans to develop a 100 billion yuan ($13.8 billion) lithium battery industry by next year, a local government notice showed on Monday.
Shandong, in China’s east, aims to build an industrial chain covering electrode materials, electrolytes, battery cells and assembly, the notice showed.
The plan includes expanding the category of consumer batteries, improving quality and performance, and strengthening research and development.
The provincial government will support the cities of Jinan and Qingdao to develop companies engaged in raw material production and battery assembly based on the needs of regional new energy vehicle makers.
It will also support cities such as Zaozhuang and Jining in lithium battery manufacturing and energy storage projects.
($1 = 7.2680 yuan)
(Reporting by Liz Lee and Beijing newsroom; Editing by Kim Coghill and Christopher Cushing)
More News
USA Rare Earth merges with Inflection Point, debuts on NASDAQ
The company spent several years privately working to tap the Round Top are earth deposit in west Texas, with ambitious plans to create a domestic supply chain.
March 14, 2025 | 02:04 pm
First Quantum’s Cobre Panama mine ready to suspend arbitration
Panama government will allow the export of 120,000 metric tons of copper concentrate that has been stuck in the shuttered mine for over two years and allow restart of the power plant used to run the mine.
March 14, 2025 | 12:31 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments