Here are the top five manufacturing plant construction projects that commenced in China in Q2 2022, according to GlobalData’s construction projects database.
1. Changchun New Energy Vehicle Manufacturing Plant – $5,223m
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The project involves the construction of a new energy vehicle (NEV) manufacturing plant in Changchun, Jilin.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The project aims to increase production capacity to meet the growing demand for NEV in China.
2. Yibin 20GW High-Efficiency Crystalline Silicon Solar Cell Production Plant – $1,636m
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By GlobalDataThe project involves the construction of a 20GW high-efficiency solar cell manufacturing plant in Xuzhou District, Yibin, Sichuan.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2024.
The project aims to meet the increasing demand for high-efficiency solar cells in the region.
3. Foshan 30 GWH Lithium Battery Manufacturing Plant – $1,600m
The project involves the construction of a 30Gwh lithium battery manufacturing plant in Nanhai District, Foshan, Guangdong.
Construction work started in Q2 2022 and is forecast to complete in Q4 2024.
The project aimed to increase production capacity to meet the region’s growing demand for lithium batteries.
4. Tianjin Binhai 24GWh Power Battery Manufacturing Plant – $1,494m
The project involves the construction of a 24GWh power battery manufacturing plant in Binhai New Area, Tianjin.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2025.
The project aims to meet the growing demand for battery products.
5. Zhangshu Lithium-Ion Battery Separator Manufacturing Plant – $864m
The project involves the construction of a lithium-Ion battery separator manufacturing plant at Zhangshu in Yichun, Jiangsu.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The main aim of the project is to meet the growing demand for lithium-ion battery separator (LiBS) and ceramic coated separator (CCS).
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
