Does Jiangxi province have a complete industrial chain?

The province has developed a complete industrial chain covering mining and production of major battery materials, lithium batteries, new energy vehicles and power storage facilities, said Jiang Mingcheng, deputy head of the Department of Industry and Information Technology of Jiangxi Province.

How much is Jiangxi's lithium battery industry worth?

Last year, the total value of Jiangxi's lithium battery and new energy industry reached 406.51 billion yuan ($57 billion), a 120.3 percent year-on-year growth, according to the provincial government.

How many EVX facilities will energy vault build in China?

Following on with the news of Energy Vault’s first GESS facility, the company has announced that six additional EVx facilities will be built in China. The first EVx project announced is a massive 2GWh facility in Inner Mongolia, and five more—ranging in capacity from 100 MWh to 660 MWh—in the provinces of Hebei, Shanxi, Gansu, Jilin, and Xinjiang.

Will Jiangxi become a leading industrial cluster?

East China's Jiangxi province is actively leveraging its advantages in upstream lithium resources to expand downstream sectors such as battery and electric vehicle manufacturing, with a view to becoming a leading industrial cluster.

What is Hentong energy storage?

Hentong Energy storage has two self-developed products: DC charger and AC charger. The products have the advantages of cloud monitoring, cloud operation, cloud management, intelligent operation, intelligent maintenance, dedicated system for large customers, channel diversion, and friendly UI interface.

Will Energy Vault collect a royalty on Atlas's Chinese revenues?

Energy Vault will collect a 5% ongoing royalty on Atlas’s Chinese revenues. Combined, all the plants have a cumulative storage capacity of 3.26 GWh and represent over $1 billion in capital expenditures.