Heyuan Lichuang (Suzhou) New Energy Technology

About Heyuan Lichuang (Suzhou) New Energy Technology

Heyuan Lichuang (Suzhou) New Energy Technology Co., Ltd. is a company focused on the development and production of solid-state batteries. Established on January 3, 2023, the firm is a relatively new entrant in the new energy sector. The company's primary initiative is the construction of a 10GWh solid-state battery smart factory located in the Huai'an District of Jiangsu. This project represents a total investment of approximately 5 billion yuan and is planned to be developed in three phases. To facilitate this large-scale project, the company established a wholly-owned subsidiary, Heyuan Lichuang (Huaian) New Energy Technology Co., Ltd., on December 21, 2023. Construction on the first phase of the factory began in early 2024, with facility completion anticipated by August and the first products expected to be market-ready by November of the same year. Upon reaching full production capacity, the project is projected to generate an annual output value exceeding 8 billion yuan. Shortly after its inception, on April 7, 2023, Heyuan Lichuang secured an equity investment from two firms, Yongxin Ark and the Suzhou Park Science and Technology Innovation Fund, although the specific amount of the financing was not publicly disclosed.