International friendship cities -- Zaozhuang, China: Lithium Battery Industry Spurs New Momentum in Economic Transformation

ZAOZHUANG, China, July 24, 2023 /PRNewswire/ -- A news report from The Publicity Department of the CPC Zaozhuang Municipal Committee:

Zaozhuang city in East China's Shandong province has been placing a strong emphasis on the lithium battery industry, propelling key enterprises like Shandong Goldencell Electronics Technology Co Ltd and Geely Sunwoda Power Battery Co Ltd to rapid development and overseas expansion. This strategic move has facilitated the restructuring of the city's modern industries and the transition to new sources of economic growth.

Inside a production workshop of Shandong Goldencell Electronics Technology Co Ltd, numerous products are being prepared for export to European markets.

"Most of these energy storage cabinets are sold to Europe and the United States for home energy storage. Our lithium battery products account for 95% of the global golf cart market and are supplied to three major golf cart giants worldwide. Additionally, our lithium batteries for medical devices boast small size, large capacity, and high safety performance, resulting in strong market demand," said a company representative.

As of March this year, Zaozhuang was home to 4,229 new energy-related companies. From lithium batteries for electric bicycles and computers, communications and consumer products to energy storage and passenger vehicles, as well as high-performance lithium batteries for applications in fields such as ships, marine, and aviation, Zaozhuang enterprises have the capability to produce a wide range of products.

Zaozhuang has introduced a policy to boost the lithium battery industry with the aim of reaching a production value of 80 billion yuan ($11.1 billion) by 2025, 150 billion yuan by 2030, and 300 billion yuan by 2035.

Currently, Zaozhuang boasts 38 lithium battery research platforms and has accumulated 698 patents related to lithium batteries. This progress has attracted a group of leading lithium battery enterprises to invest in Zaozhuang, paving the way for a promising future in the lithium battery industry.

Zaozhuang is taking confident strides toward making the most of the opportunities presented by the lithium battery industry, driving economic transformation and bolstering its position as a key player in the global market.

SOURCE The Publicity Department of the CPC Zaozhuang Municipal Committee