On May 29, CALB has successfully signed cooperation contract with Chengdu Economic Development Zone, which means that the CALB 50 GWh power battery and energy-storage battery Chengdu base project was officially initiated in Chengdu Economic Development Zone.

CALB 50GWh power battery and energy-storage battery Chengdu base project is a 10-billion level project with the largest investment amount and the fastest promotion speed since the establishment of Chengdu major industrialization project investment fund. It took only 68 days for CALB from contacting the base to determining the project. At the date of signing the contract, the project company was also registered and established.

CALB Chengdu base project is to be constructed in two phases. It will become an industry-leading, green and intelligent benchmark industrial base. The products provided by the base will be mainly supported to the new energy vehicles and energy-storage market in China and other countries.