Sep 22, 2023 08:39 PM

BUSINESS

Sichuan Sets Sights on Becoming ‘World-Class’ EV Battery Hub

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Workers labor on the construction of the GCL Lithium Battery Project in Meishan, Southwest China’s Sichuan province, on March 13. Photo: VCG

Workers labor on the construction of the GCL Lithium Battery Project in Meishan, Southwest China’s Sichuan province, on March 13. Photo: VCG

Southwest China’s Sichuan province has unveiled a plan to set it on track to become a “world-class lithium battery production base” within the next five years, capitalizing on its bountiful lithium reserves and hydropower resources.

The goal is to top 800 billion yuan ($110 billion) of total production value by 2027, according to the document released Wednesday by the Sichuan Provincial Economic and Information Department and other agencies.

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