Core Viewpoint - The lithium battery industry in Mianyang, Sichuan, has experienced significant growth, with a 96.5% year-on-year increase in lithium-ion battery production in Q1 2025, driven by favorable policies, transportation advantages, resource availability, and industrial support [2]. Group 1: Project Developments - The lithium-ion energy storage cell project by Lithium Source New Energy aims to produce 12 million cells annually, with an investment of 50 million yuan, and has received environmental approval [3]. - Mianyang Chuangming New Energy has launched its first batch of 32 series lithium iron phosphate cylindrical batteries, utilizing advanced technology that reduces internal resistance by 90% and allows operation in extreme temperatures [4][5]. - The Exxon New Energy project in Mianyang, with a planned capacity of 18 GWh, has commenced production and is part of a broader strategy that includes additional facilities in Yunnan, Guangzhou, and Jiangsu, each also targeting 18 GWh capacity [6][7].