(Yicai Global) June 13 -- Hunan Baili Engineering Sci & Tech will provide engineering, procurement and construction services to build and maintain a lithium-ion battery anode material production line for Sichuan New Energy Technology.

The plant has an annual capacity of 10,000 tons and the contract has a tentative value of CNY466 million (USD67.4 million).

The firm's wholly-owned unit Changzhou Baili Lithium Battery Smart Factory penned the EPC contract with Mianyang, Sichuan province-based New Energy Technology yesterday, the EPC service provider headquartered in China's south-central Hunan province announced yesterday in a statement.

It will oversee the design, procurement, installation, testing and maintenance of equipment such as seven smart production lines, supporting public facilities and a central control system.

This, the first phase of the project of anode material for LIBs, has an annual output of 50,000 tons. Construction of the project must conclude within the next eight months, and two production lines must have the capacity to conduct material-loaded coordinated trial production by December 15, per the statement.

Baili Engineering Sci & Tech, a technical service provider that offers overall solution for building intelligent factory of LIB materials, has won multiple EPC contracts to build production plants for LIB materials since last year.

Editor: Ben Armour