The third largest power battery manufacturer in China, the main factory building of Meishan Power and Energy Storage Battery Project of China New Airlines successfully capped.

CTOnews.com news on October 16, according to the official WeChat of China New Aviation, on October 15, the M2 main factory building of Phase I of the Meishan base project of China New Aviation Power and Energy Storage Battery was successfully capped.

Aerial view of the ▲ Meishan 20GWh power battery and energy storage system project | Source: CNAC said that the Meishan base project also plans to lay out 20GWh power and energy storage batteries, as well as 100000 tons of lithium cathode materials, which is an important part of the overall landing of the company's industrial cluster in southwest China.

Sinotrans officially landed on the Hong Kong Stock Exchange on October 6. At HK $38.00 per share, the net income received by Sinovel from the global offering is estimated to be about HK $9.8639 billion (about RMB 8.917 billion).

Of this, about 7.8911 billion Hong Kong dollars (about 7.118 billion yuan) will be used to allocate part of the expenditure for the construction of the production line of 95GWh power battery and energy storage system for the new production facilities of Chengdu, Wuhan, Hefei, Guangdong Jiangmen and Meishan projects.

CTOnews.com learned that the domestic power battery company loading data released by the China Automotive Power Battery Industry Innovation Alliance in September 2022 showed that China New Airlines ranked third with 6.16%, second only to Ningde era (47.80%) and BYD (22.44%).