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 Insights - The city of Liyang has developed a robust power battery industry, achieving a production value of 151.53 billion yuan in 2024, with power battery sales accounting for approximately 1/7 of the national total [1][2] - Liyang has established a "3-kilometer industrial circle" for power batteries, facilitating efficient logistics and production among over 100 upstream and downstream enterprises [1][2] - The city has seen an average annual compound growth rate of 42% in its power battery industry over the past three years, with a total industrial output value of 43.05 billion yuan in the first half of 2023, representing a year-on-year growth of 21.5% [2][3] Industry Development - Liyang has built a complete industrial chain for power batteries, including production of anode and cathode materials, control systems, separators, and structural components [2][3] - The city has attracted 14 innovation platforms and has made breakthroughs in 37 key core technologies, including the development of a world-first production line for sulfide solid electrolytes [2][5] - Liyang's proactive approach in engaging with leading companies like CATL has been pivotal in establishing its power battery manufacturing base [3][4] Innovation and Research - The establishment of the Yangtze River Delta Physical Research Center has fostered a collaborative environment for research and production, enabling rapid transition from laboratory results to market-ready products [5][6] - Liyang has set up over 100 billion yuan in investment funds to support the incubation of over 30 hard-tech companies, promoting a new model of research and development that integrates government, academia, and industry [5][6] Future Prospects - Liyang is expanding into the "power + storage" sector, with plans to establish a new energy storage industrial park expected to generate an annual output value of approximately 5 billion yuan [7][8] - The city is also developing smart energy networks and microgrid scenarios, aiming to reduce electricity costs and enhance energy efficiency for local enterprises [8]