off-the-wire

China’s Shandong province plans $14bn lithium battery industry by 2025

Kitco Media
By Reuters
Published:
Updated:
Reuters
China’s Shandong province plans $14bn lithium battery industry by 2025 teaser image

China’s Shandong province plans to develop a 100 billion yuan ($13.8 billion) lithium battery industry by next year, a local government notice showed on Monday.


Shandong, in China’s east, aims to build an industrial chain covering electrode materials, electrolytes, battery cells and assembly, the notice showed.


The plan includes expanding the category of consumer batteries, improving quality and performance, and strengthening research and development.

The provincial government will support the cities of Jinan and Qingdao to develop companies engaged in raw material production and battery assembly based on the needs of regional new energy vehicle makers.

It will also support cities such as Zaozhuang and Jining in lithium battery manufacturing and energy storage projects.

($1 = 7.2680 yuan)

(Reporting by Liz Lee and Beijing newsroom; Editing by Kim Coghill and Christopher Cushing)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.