Core Insights - Jiangsu Liyang has become a billion-dollar power battery industry city, with a projected output of 151.53 billion yuan in 2024, accounting for approximately 1/7 of the national power battery sales [1][4] - The city has formed a "3-kilometer industrial circle" for power batteries, with over 100 upstream and downstream enterprises clustered together [3][4] Industry Development - Liyang's power battery production lines can produce one cell per second and one battery pack every 150 seconds, with five such lines already established [2] - In the first half of this year, Liyang's power battery production and sales accounted for 36.2% and 37.4% of Jiangsu's total, and 11.1% and 12.1% of the national total, respectively [2] - The city has achieved an average annual compound growth rate of 42% in the power battery industry over the past three years [4] Technological Advancements - Liyang has broken through 37 key core technologies and has 14 innovation platforms, including a collaboration with the Chinese Academy of Sciences [3][6] - The establishment of a physical research center has led to significant advancements, including the production line for sulfide solid electrolytes, filling a global gap [3][6] Strategic Initiatives - Liyang has actively engaged with leading companies like CATL to establish a complete industrial chain, which has attracted over 30 hard-tech companies through a 10 billion yuan investment fund [6][7] - The city is expanding into the "power + storage" new track, with plans for a new energy storage industrial park expected to generate an annual output value of about 5 billion yuan [8] Future Outlook - Liyang is developing a smart energy network and aims to create a zero-carbon parking lot and village, leveraging its advantages in the power battery industry [9] - The city is also focusing on reducing electricity costs for enterprises and enhancing the sustainability of its energy systems [9]

Core Viewpoint - Jiangsu Liyang has transformed into a billion-dollar power battery industry city, achieving significant production and sales in the new energy sector, particularly in power batteries, with a projected output of 151.5 billion yuan in 2024, accounting for approximately 1/7 of the national market [1][4]. Industry Development - Liyang has established a "3-kilometer industrial circle" for power batteries, with over 100 upstream and downstream enterprises clustered together, facilitating efficient logistics and production [3][4]. - The city has five lithium battery production lines, producing one battery cell every second and one battery pack every 150 seconds, with power battery production and sales accounting for 36.2% and 37.4% of Jiangsu's total, respectively [2][4]. Technological Advancements - Liyang has made significant strides in technology development, with 14 innovation platforms and breakthroughs in 37 key core technologies, including the establishment of a physical research center in collaboration with the Chinese Academy of Sciences [3][7]. - The city has successfully filled a global gap in the production line for sulfide solid electrolytes over 100 tons, breaking foreign monopolies [3]. Economic Growth - The power battery industry in Liyang has experienced an average annual compound growth rate of 42% over the past three years, with industrial output value reaching 43.05 billion yuan in the first half of the year, a year-on-year increase of 21.5% [4][6]. Strategic Initiatives - Liyang is expanding into the "power + energy storage" sector, with plans to establish a new energy storage industrial park by December 2024, aiming for an annual production capacity of 2.5 GWh and an output value of approximately 5 billion yuan [9]. - The city is also developing smart energy networks and microgrid scenarios, enhancing its infrastructure with solar power installations to reduce electricity costs for businesses [10].