The Yingnengji Sodium Battery Project (Jiangsu) for new energy sodium-ion batteries was signed and implemented in Tianjin Economic Development Zone

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On September 19, ENENG Sodium Battery (Jiangsu) Technology Co., Ltd. held a signing ceremony with the Management Committee of Tianjin Economic-Technological Development Area (referred to as Tianjin ETDA). The projects related to 1GWh of sodium-ion batteries, system integration production lines, and a system integration R&D center were officially established in Tianjin ETDA. Once all these projects are fully operational, the average annual output value over the first five years will reach 677 million yuan, while they will also create employment opportunities for nearly 300 people. It is reported that the total investment for this project under negotiation is 500 million yuan. The site chosen is the comprehensive protection zone in Tianjin’s Economic Development Zone, and the project renovation is scheduled to begin in October this year. New facilities will be built, including a production facility capable of manufacturing 1 GWh of sodium-ion batteries per year, as well as system integration production lines and a research and development center. Upon completion, the project will leverage the functional platform of Tianjin Economic Development Zone’s free trade zone to carry out various innovative activities such as bonded R&D, bonded testing, and bonded exhibitions, thereby creating a high-tech, efficient, and high-value manufacturing enterprise that integrates R&D, production, exhibition, sales, and warehousing. Upon full capacity utilization, the output value is expected to be 468 million yuan in the first year, with an average annual output value of 677 million yuan over the first five years. The tax payments in the first year will amount to 32.5481 million yuan, while the average annual tax payment over those five years will be 46.9177 million yuan. The sodium-ion battery, which is a product of engineering projects, is a new type of secondary battery with a wide range of applications. The storage market both domestically and internationally holds great potential for this battery, as it boasts advantages such as high safety, abundant raw material resources, low production costs, a long cycle life, excellent rate performance, good performance at low temperatures, and resistance to high temperatures. It is also reported that Yingnengjinao Dian (Jiangsu) Technology Co., Ltd. (hereinafter referred to as Yingnengjinao Dian) is a high-tech enterprise specialized in the research, development, production, and sales of sodium-ion batteries. It was established through a joint venture between Nengtou Xinkun (Hainan) Industrial Development Co., Ltd., a wholly-owned subsidiary of Sichuan Energy (Hainan) Investment Group, which is a company under Sichuan Province’s jurisdiction, and Sichuan Yingnengjia Technology Co., Ltd. In 2023, Yingnengji Sodium Power built the world’s first sodium-ion battery energy storage station at CNPC’s Dagang Oilfield, which has been operating successfully. In 2024, the company became a supplier of new-type sodium battery energy storage systems for the power generation side of the Three Gorges Jinsha River Yunchuan Hydropower Project owned by the Three Gorges Group.