China's Envision builds battery plant in Erdos

• Wednesday, March 3, 2021
• Source:ferro-alloys.com

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• Keywords:China, Envision, battery plant, Erdos

[Ferro-Alloys.com] Chinese environmental technology firm Envision has started building a 20GWh/yr plant for energy storage and power batteries at its industrial park in Erdos city in north China's Inner Mongolia region.

The 10bn yuan ($1.55bn) construction will be divided in three phases, with 6GWh/yr each to be completed in the first two phases and 8GWh/yr in a third phase. Construction of the first phase started in December 2020. Other details such as the construction schedules for the remaining two phases were undisclosed.

 

Erdos is China's main coal-producing and consuming region. Envision's new project is designed to promote the use of cleaner energy in the area.

 

Envision mainly designs, sells and operates smart wind turbines and power batteries. It aims to promote wind and solar power as the "new coal" and batteries and hydrogen fuels as the "new oil".

 

Chinese battery producers have been expanding their battery capacity. Producer Contemporary Amparex Technology in early February announced that it will build three new production facilities in China, to raise output capacity for power and storage batteries.

 

China's newly installed volume of power batteries rose to 63.6GWh in 2020, up by 2.3pc from a year earlier, with production falling by 2.3pc to 83.4GWh last year, according to China's automotive manufacturers association.

 

Argus last assessed prices for 99.8pc grade cobalt metal, a key feedstock to make power batteries, at Yn380-395/kg ex-works yesterday, up from Yn370-390/kg on 25 February. Enquiries for spot material fell slightly this week as some buyers resisted the higher prices. A rise in European prices last week and tighter hydroxide feedstock supplies are expected to support Chinese prices in the short term.

 

Source: Argusmedia

 

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• [Editor:kangmingfei]