Hebei Province: Lithium Battery Production Line Project Phase I with Annual Output of 400 million Ah by Hebei Yinlong New Energy Co., Ltd.

The project was granted a concessional loan of RMB 60 million yuan on July 08, 2016. It mainly includes installing 8 lithium battery production lines and relevant supporting facilities. The products will be mainly used in electric buses to replace fossil fuel buses. It will reduce the consumption of fossil fuel and thus cut down greenhouse gas emission. The project belongs to the category of energy saving and efficiency improving. It can leverage private funds of RMB 2,140 million yuan. Once put into operation, it has the potential to cut greenhouse gas emission by 34,519tCO2e annually.

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