SW China's Guizhou sets sights on booming NEV battery and materials industry

Southwest China's Guizhou province is harnessing its abundant resources and industrial prowess to bolster the development of batteries for the fast-growing new energy vehicle sector.

The province has established lithium battery material industry clusters represented by the Dalong Economic and Technological Development Zone in Tongren and the Guiyang National High-tech Industrial Development Zone, nurturing renowned companies like Guizhou Anda Energy Technology Co Ltd.

According to the local government, the total output value of companies whose annual revenue surpasses 20 million yuan ($2.8 million) each in Guizhou's NEV battery and materials industry, surged to 53.2 billion yuan in 2022, and is expected to exceed 100 billion yuan this year.