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[Xing Heng Power 16GWh Power Battery Project settled in Yancheng, Jiangsu Province] on April 11, Xing Heng Power supply 16GWh Power Battery Project settled in Yancheng Economic and technological Development Zone, which is the third largest production base in China after Jiangsu Suzhou Base and Anhui Chuzhou Base. It is understood that the total investment of the project is about 5 billion yuan, and the land requisition is about 400 mu. The entire production line will adopt the most advanced production equipment. After the project is completed and put into operation, it will achieve an annual invoice sales income of 10 billion yuan and a tax revenue of 300 million yuan.