Si Chuan Ri Bao·2025-10-15 20:29Core Viewpoint - The Sichuan Xiangyuan cylindrical lithium battery project, with a total investment of 6 billion yuan, aims to enhance the local lithium battery manufacturing capacity and is expected to significantly contribute to the regional lithium battery industry chain [2] Investment and Project Details - The project covers an area of approximately 400 acres and is being developed in two phases, with the first phase involving an investment of 2.8 billion yuan to establish 9 cylindrical battery production lines and 1 PACK production line, projected to generate an annual output value exceeding 2 billion yuan [2] - The second phase will expand with 13 additional production lines, with the total annual output value expected to surpass 5 billion yuan upon full completion [2] Construction Progress - As of October 14, the construction site is progressing rapidly, with five main buildings completed and interior renovations ongoing, aiming for production to commence by the end of the year [2] - The project has seen a significant acceleration in its timeline, with key milestones achieved within a few months, including signing, excavation, and structural completion [2] Local Industry Ecosystem - The project is strategically positioned within a growing lithium battery ecosystem in Suining, which includes upstream companies like Tianqi Lithium and Sichuan Youneng, and downstream manufacturers such as JAC Motors [2] - The local industry is characterized by a relatively weak midstream battery manufacturing segment, prompting the establishment of Sichuan Xiangyuan to fill this gap [2] Collaboration and Supply Chain - The project is expected to foster collaboration within the local lithium battery supply chain, with Tianqi Lithium and Sichuan Youneng working closely to optimize logistics and reduce costs [2] - The establishment of a circular supply chain is anticipated, with Sichuan Youneng supplying raw materials to Sichuan Xiangyuan, enhancing local production efficiency [2] Industry Growth and Scale - Suining has developed a comprehensive lithium battery industry chain, with over 50 enterprises contributing to a total industry scale of approximately 67 billion yuan, accounting for about one-quarter of the province's lithium battery industry [2] - The lithium battery sector in Suining has maintained a high growth rate of 15% in value added this year, indicating robust demand and expansion in the industry [2]