New energy industry in SW China’s Guizhou logs steady expansion

Author: xinhua

Southwest China’s Guizhou Province has seen a robust expansion in the new-energy sector amid efforts to ramp up energy production and storage and promote green development, an industry report showed. In the first quarter of this year, the industrial output of Guizhou’s new-energy battery and material sector was about 20.38 billion yuan (about 2.83 billion U.S. dollars), according to the report from the Guizhou Institute of Industrial Development released during the ongoing two-day Eco Forum Global Guiyang 2023, scheduled until July 9 in Guiyang, capital of Guizhou Province. The figure surged 68.7 percent year on year, according to the report. It has predicted the annual industrial output of the sector to reach 100 billion yuan in 2023. Last year, the total industrial output of the sector in the province stood at 53.29 billion yuan, and the new-energy installed capacity exceeded 20 million kilowatts. With its phosphorite reserve ranking third in China, Guizhou has also shored up the development of the phosphorus chemical industry, which has played an important role in driving the growth of the new-energy battery and material sector, the report noted. It also projected that the annual production capacity of lithium iron phosphate material will reach 1.4 million tonnes in 2025, making the overall industrial chain supply capacity the third highest across the country.

Share
Leave a Comment

Recent Posts

  • Pakistan

Parliament passes bills on military chiefs tenure extension, SC expansion

The National Assembly on Monday passed six bills, including one seeking an increase in the…

3 hours ago
  • Pakistan

SBP cuts key policy rate by 250bps to 15pc

The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut…

11 hours ago
  • Pakistan

Verdict reserved on Imran, wife’s bail pleas in 7 cases

The district and sessions court in Islamabad on Monday reserved its verdict on bail pleas…

11 hours ago
  • Pakistan

Six terrorists killed in two KP operations

At least six terrorists were killed by the security forces in two separation operations in…

11 hours ago
  • Pakistan

Punjab has no plan to buy PIA, clarifies minister

Punjab Information Minister Azma Bokhari on Monday said that the provincial government had "no intentions"…

11 hours ago
  • World

Israeli strikes kill 10 in Gaza, keep up pressure on north

Israeli airstrikes killed at least 10 Palestinians in Gaza, with seven dead in an attack…

12 hours ago