Core Insights - The city of Liyang in Jiangsu province has transformed from a cement and steel industry base to a hub for the power battery industry, achieving an output value exceeding 100 billion yuan [1] Group 1: Industry Development - A "3-kilometer industrial circle" for power batteries has formed in Liyang, encompassing over 100 upstream and downstream enterprises, including Jiangsu Times, SAIC Times, and Putailai [3] - Liyang has established a complete industrial chain for power batteries, covering everything from anodes and cathodes to control systems, separators, and structural components [3] Group 2: Technological Innovation - The city hosts 14 innovation platforms that have collectively achieved breakthroughs in 37 key core technologies, showcasing its strength in technological research and development [3][6] - Liyang's innovation model differs from traditional research institutions, featuring a structure where innovation platforms hold shares, R&D personnel have equity stakes, and government and social capital are involved [6] Group 3: Future Strategies - To maintain its competitive edge in the increasingly fierce power battery industry, Liyang plans to focus on next-generation batteries and the energy storage sector [9] - The city aims to build a smart energy network and develop technologies for lithium batteries that support the endurance of low-altitude flying vehicles, leveraging its first-mover advantage in the power battery sector [9]

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]