Yinpai Battery Technology Co., Ltd., located in GAC’s Industrial Park for Intelligent & Connected New Energy Vehicles, broke ground on December 11.

Yinpai Battery Technology Co., Ltd. is the largest power battery + energy storage battery project in Guangzhou. It has a total investment of RMB 10.9 billion and an area of approximately 666 acres. It will comprehensively unclog the chain that joins the R&D, design, intelligent manufacturing, and sales of batteries, as well as battery-related services.

The plant is anticipated to be delivered in October 2023. The first 6 GWh mass production line will be introduced by March 2024. In addition, the introduction of all 36 GWh production lines will be completed by the end of 2025. By then, the plant will be capable of assembling 600,000 vehicles, with an annual output value of more than RMB 21 billion.

By further driving the upstream and downstream industrial chains development and surrounding supporting industries, Yinpai's battery plant can create more than 15,000 job opportunities and generate an additional output value of more than RMB 180 billion for regional industrial clusters.