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On April 27, a meeting was held at the Ningdong Energy and Chemical Industry Base in Lingwu City, Yinchuan, Ningxia, to promote the simultaneous commencement of construction of Baofeng’s battery cathode, anode, and electrolyte production facilities, as well as Baofeng Energy’s fourth-phase project for new olefin materials. The total investment in the projects that are starting construction at this time amounts to 31 billion yuan. Once all these projects are completed and put into operation, they will generate an annual industrial output value of 49 billion yuan, while also creating nearly 10,000 jobs for the society. New energy storage is an essential infrastructure for building a new type of power system, and it also serves as a crucial support for promoting the integrated development of AI, computing power, and electricity – representing a project related to **new forms of productive capacity**. Investments of 10.5 billion yuan have been made in projects such as Baofeng’s new energy storage initiatives, with efforts accelerated to bring online facilities capable of producing 250,000 tons per year of lithium iron phosphate cathode materials, 150,000 tons per year of artificial graphite anode materials, and 170,000 tons per year of electrolyte materials. Additionally, 100 GWh worth of lithium battery production capacity, as well as energy storage systems and power stations, are being developed. This initiative aims to establish a cluster for the production of new energy storage materials and the manufacturing of complete battery storage systems, based in Ningxia and serving the Northwest region as well as the whole country. It provides a solid foundation for Ningxia to become a comprehensive demonstration area for new energy and the “Capital of Computing Power in China.” It also supports the development of green energy parks, large-scale new energy facilities, and computing power centers, contributing to the establishment of a new type of energy system that integrates generation, transmission, consumption, and storage. Furthermore, it helps foster the growth of emerging industries and future-oriented sectors, thereby driving green transformation in the energy sector. The fourth-phase olefin new materials project of Baofeng Energy, among others, involves an investment of 20.5 billion yuan. It is a key project for the company’s strategy of focusing on its core business and strengthening its industrial operations. The project utilizes the most advanced process technologies in the industry, with all equipment being developed and manufactured in China, thereby enabling domestic substitution and contributing to the development of a strong manufacturing sector. The project boasts the best industry standards in terms of energy conversion efficiency, water consumption, energy use, and environmental protection. Its products further replace imported ones, strengthening the company’s leadership position in the industry. It serves as a model for the sustainable development of coal-based new materials industries, promoting higher standards, lower carbon emissions, and greater intelligence in production. This contributes to enhancing energy security.