On March 2, CALB Xiamen Phase II project officially started. The project has a total investment of 10 billion yuan and will be built in two phases. 

The first phase of the project started in the third quarter of 2019 and put into operation in the fourth quarter of 2020, while the second phase is expected to be put into operation in the second quarter of 2022. After the completion of the two phases, it will form a leading international intelligent factory with an annual production capacity of 20GWh, which will help the successful implementation of the company's strategy.