BEIJING, May 23 (Xinhua) -- Chilwee Group’s grapheme alloy project is now in full swing and is expected to be put into trial operation at the end of this year, the company said on Wednesday.
Since the project kicked off in May last year, it has been going on smoothly with the first phase already completed. The project is aimed to achieve commercial use of the grapheme alloy technology and thus promote upgrading of power cells and storage batteries.
The project involves a total investment of 1.2 billion yuan and will realize output value of 5 billion yuan after it starts production.
Zhou Mingming, chairman of Chilwee Group, has always placed great emphasis on green energy. Based on the ideals laid out by him, Chilwee has actively made innovation and realized the goal of establishing a new global energy field of research.
Chilwee Group was established in 1998 and listed on the main board of the Hong Kong stock exchange in 2010. Chilwee has over 100 subsidiaries worldwide and focuses on R&D and production of new energy engines, energy storage solutions, and high-power batteries, and is a leading global supplier of advanced green energy solutions.
(Contributed by Liu Xiaoyun; edited by Zhang Yuan, zhangyuan11@xinhua.org)
A single purchase
