(Yicai Global) Jan. 25 – Wuxi Zhongding Integration Technology will provide smart logistics management systems for lithium battery production to US power lithium battery developer Farasis Energy's China unit.
Zhongding's parent Noblelift Intelligent Equipment announced this yesterday.
Zhongding, which is based in China's eastern Jiangsu province, will supply two sets of smart logistics management integrated systems for battery production to the subsidiary's plant in Zhenjiang, also in Jiangsu, with a total contract value of CNY600 million (USD89 million).
The project will help to consolidate the leading position of its smart management system in new energy battery production, the announcement said.
Hayward, California-headquartered Farasis Energy built its Zhenjiang power lithium battery plant in July with a planned annual capacity of 20 gigawatt hours.
The first phase of the production line of 10 GWh is scheduled to reach production in 2020 while the second phase of 10 GWh will do so in 2022, public information shows.
Editor: Ben Armour