Chinese Battery Firm Plans $415M Sodium-Ion Factory in Nanjing
CIBF New Energy signs deal with Nanjing Gaochun Economic Zone for a 12GWh sodium-ion battery facility worth 3 billion yuan.
Chinese battery manufacturer CIBF New Energy has signed an investment agreement with the Nanjing Gaochun Economic Development Zone to establish a sodium-ion battery cell production facility, according to an announcement released Wednesday. The planned project carries an investment target of 3 billion yuan, equivalent to roughly 415 million U.S. dollars at current exchange rates.
The facility is designed to reach a production capacity of 12 gigawatt-hours, positioning the project among the larger dedicated sodium-ion manufacturing commitments disclosed by a Chinese battery company to date. Sodium-ion technology has attracted growing industry attention as an alternative to lithium-ion chemistries, particularly for applications where cost reduction and raw-material availability are priorities.
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The Gaochun Economic Development Zone, located in the southern district of Nanjing in Jiangsu Province, has been actively courting advanced manufacturing investment. The signing of this agreement marks a formal step toward bringing the planned production line to the site, though construction timelines and operational milestones were not detailed in the announcement.
The deal reflects a broader acceleration of sodium-ion battery investment in China, where policymakers and manufacturers alike are exploring next-generation energy storage options to reduce dependence on lithium. CIBF New Energy's commitment signals confidence that sodium-ion technology is approaching commercial-scale viability. Continue reading at GlobeNewswire - Mergers And Acquisitions.
