Heyuan Lithium Marks Progress on Gigafactory for Solid-State Batteries
Heyuan Lithium (Huai’an) New Energy Technology Co., ltd. (HYLIC) celebrated a meaningful milestone on December 22nd with the topping-out ceremony for the first phase of its cutting-edge solid-state battery smart production base in Huai’an City, jiangsu Province, China. This marks a key step forward in the company’s aspiring plan to become a major player in the rapidly expanding global market for electric vehicle (EV) batteries.
“The company will work hard to ensure that the mass production line is put into operation in the second quarter of 2025 to ensure the delivery of customers’ solid-state battery orders,” stated Liu Min, Chairman of HYLIC. This commitment underscores the company’s dedication to meeting the growing demand for advanced battery technology.
Construction on HYLIC’s 10 GWh smart factory began on February 27th, representing a total investment of approximately $720 million USD (5 billion Yuan).Spread across 400 acres, the facility will be built in three phases, with the first phase encompassing 127 acres and a $72 million USD (500 million Yuan) investment to establish a 1 GWh solid-state battery production line.
Phase two will see an additional $144 million USD (1 billion Yuan) investment for a 2 GWh production line. Once phases one and two are fully operational, the projected annual output value is estimated at no less than $432 million USD (3 billion Yuan).The final phase, utilizing the remaining 273 acres, will require a $504 million USD (3.5 billion Yuan) investment to build a 7 GWh production line, ultimately boosting the annual output value to over $1.15 billion USD (8 billion Yuan).
The growth of this facility has significant implications for the global EV market, potentially impacting the availability and cost of batteries for electric vehicles in the United States and worldwide. The advancements in solid-state battery technology could lead to longer-lasting, safer, and more efficient batteries, driving further adoption of electric vehicles.
Edited by Cassie Li, lixiangying@mysteel.com
