On September 20, Lanjing New Energy's new cylindrical battery project with a total investment of 5.5 billion yuan was signed and landed in Wuxi, Jiangsu. Lanjing New Energy is one of the first enterprises in China to achieve mass production of large cylindrical batteries. This time, the company signed a contract with Yixing to implement Lanjing New Energy's new cylindrical battery project, which will better drive upstream and downstream collaboration and cluster development of positive and negative electrode materials, diaphragms, electrolytes, battery structural components, battery equipment, and PACK integration.

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