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On April 27, a meeting to advance the construction of Baofeng Energy’s cathode, anode, and electrolyte production facilities, as well as its fourth-phase olefin-based new materials project, was held at the Ningdong facility. 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 job opportunities for the society. New energy storage is an essential infrastructure for building a new power system, and it also serves as a crucial support for promoting the integrated development of AI, computing power, and electricity. An investment of 10.5 billion yuan will be made in projects related to new types of energy storage. Baofeng will accelerate the construction of 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, 170,000 tons per year of electrolyte materials, as well as 100 GWh worth of lithium-ion batteries, energy storage systems, and energy storage power stations. This will help establish an industrial cluster for the production of new energy storage materials and complete battery energy storage systems, one that is based in Ningxia, serves the Northwest region, and operates on a national scale. Such a cluster will provide a solid foundation for Ningxia to become a comprehensive demonstration area for new energy and the “Capital of Computing Power in China,” while also supporting the development of green energy parks, large-scale new energy facilities, and computing power centers. The fourth-phase olefin new materials project of Baofeng Energy, among others, involves an investment of 20.5 billion yuan. It utilizes advanced industry-specific process technologies, and all the equipment used is independently developed and manufactured in China, thereby achieving domestic substitution. Once completed and put into operation, the project’s performance in terms of energy conversion efficiency, water consumption, energy use, and environmental protection will be at the leading level in the industry, further strengthening Baofeng Energy’s position as a industry leader.