The 6-billion-yuan cylindrical battery project is about to enter trial production

According to news from "Anyi Anju", a media center under the Rongmei Media Center of Anju District, Suining City, Sichuan Province, the cylindrical lithium battery production project of Sichuan Xiangyuan New Energy Co., Ltd. (referred to as "Xiangyuan New Energy") has entered the final sprint stage. The project's external wall painting, landscape construction, interior decoration and equipment installation are progressing simultaneously, and the first phase of the project will be completed and put into trial production as scheduled in January 2026. It is reported that the total investment of Xiangyuan New Energy's cylindrical lithium battery production project is planned to be 6 billion yuan, covering an area of about 400 mu, and will be constructed in two phases. Among them, the first phase has an investment of 2.8 billion yuan, which will build 6 production lines for 18650, 2 production lines for 32140 and 1 production line for 46160 cylindrical lithium batteries, as well as PACK assembly lines. After production, the annual output value is expected to exceed 2 billion yuan; the second phase will add another 3.2 billion yuan to expand 13 cylindrical lithium battery production lines.

The project plans a total of 21 production lines, with a final daily output of 5 million cylindrical lithium batteries and an annual production capacity of 1.2 billion, making it the largest cylindrical lithium battery production base in western China.

The cylindrical lithium battery products of Xiangyuan New Energy will be widely used in electric tools, electric vehicles, UAVs, mobile power supplies, laptops, smartphones and other fields.

According to Qichacha information, Xiangyuan New Energy was established on April 23, 2025, with Tian Yongguang as its legal representative and a registered capital of 100 million yuan. Its business scope includes: battery manufacturing; battery sales; electrical equipment sales; electronic product sales; power facility equipment manufacturing; research and development of motors and their control systems; manufacturing of mechanical and electrical equipment, etc.

The major shareholder of Xiangyuan New Energy is Sichuan Xiangning New Energy Partnership (Limited Partnership), with a shareholding ratio of 80%, and the second shareholder is Suining Chengtai Project Management Co., Ltd., a county (district)-owned state-owned enterprise, with a shareholding ratio of 20%.

Market information also shows that Xiangyuan New Energy is a subsidiary of Anhui Xiangyuan New Energy Co., Ltd., which was established in August 2016, is a national-level specialized, sophisticated, distinctive and innovative enterprise and a high-tech enterprise, focusing on the research and development, production and sales of power lithium batteries.