Construction of Keyking Recycling Power Battery High-end Material Industry Park commenced

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2023-01-29


On January 29, 2023, Wangcheng Venue for Concentrated Construction Commencement Activity of the Key Project for Accelerating High-quality Development of Changsha Themed at “Fully Implementing the Spirit of the 20th National Congress of the Communist Party of China and Making Every Effort To Implementing the Strategy of Strengthening the Provincial Capital” -- Construction Commencement of Keyking Recycling Power Battery High-end Material Industry Park was held in Tongguan Industry Park in Wangcheng Economic Development Zone. The construction commencement of this project will further strengthen the force of the advanced energy storage material industry chain in Wangcheng Economic Development Zone and will become a new drive for the global, high-end and intelligent development of the advanced energy storage material industry in Wangcheng.

Keyking Recycling Power Battery High-end Material Industry Park was forged by Hunan Keyking Recycling Technology Co., Ltd. with an investment of RMB 5 billion. Hunan Keyking Recycling Technology Co., Ltd. is a national hi-tech enterprise and a national little giant enterprise featuring “Specialization, Refinement, Differentiation and Innovation”. Keyking Recycling is a leading enterprise specialized in industrialization of lithium batteries related products, such as disposal and recycling of wasted lithium batteries, power batteries, lithium contained scrap material and wasted nickel and cobalt materials, purification of crude lithium salt, lithium compounds, nickel compounds, cobalt compounds, manganese compounds, etc. has built the domestic first lithium recycling production line and was rated by the Ministry of Industry and Information Technology of People's Republic of China as a Standardized Enterprise in the New Energy Vehicle Waste Power Battery Integrated Utilization Industry in 2021.

According to introduction, Keyking Recycling Power Battery High-end Material Industry Park covers a total land area of 30 mu. It is planned that the output of battery-level lithium carbonate will be 30,000t. In addition, battery-level iron phosphate, nickel sulfate, cobaltous sulfate and manganese sulfate will be produced. It is expected that the annual output value of the project will reach RMB 1.5 billion and the annual tax will reach RMB 600 million after it is put into production. Wherein, Phase I covers a land area of 200 mu, it is planned that 20,000t battery-level lithium carbonate will be produced annually, and battery-level iron phosphate will be produced too. It is expected that the annual output value will be no lower than RMB 10 billion and the annual tax will be more than RMB 400 million after the whole Phase I is put into production.

In recent years, Wangcheng Economic Development Zone has vigorously developed the advanced energy storage material industry according to the industry positioning of "one featured industry and two main industries". Now it has attracted a batch of strong leading enterprises, such as Desay Battery, Jinchi Energy, Yongshan Lithium, etc. Its industry clustering effect has been expanded rapidly and its role for supporting the economy and society of Wangcheng Economic Development Zone has been increasingly obvious. It is expected that the scale of advanced energy storage material industry in Wangcheng Economic Development Zone will reach RMB 50 billion by 2025. The construction commencement of Keyking Recycling Power Battery High-end Material Industry Park will further strengthen the advanced energy storage material industry chain in Wangcheng Economic Development Zone.

As the main front in the east of Xiangjiang River for the "One River and Two Wings" Cross-river Grand Development Pattern in Wangcheng Economic Development Zone, Tongguan Industry Park was rated as one of the first batch of chemical industry parks of Hunan Province in 2021. Since then, the new material sector and the biological medicine sector rose rapidly. The water, electricity, road, gas (steam) conditions can be guaranteed in the Park. The Park has superior strengths in multimodal transport of highway, railway and waterway. Relying on Changsha Tongguan Port Area, the modern industry base with a port in its front and a park in its back is in the process of construction to build a provincial chemical industry park sample featuring specialized industry, sound supporting facilities and superior environment to inject vigor into the economic development in Changsha.