On September 7, the investment promotion meeting and Project Signing Ceremony of Ningde key industries were held in Xiamen Juntai hotel. At the meeting, Hengye New Energy (Phase I) project was signed.

Hengye New Energy (Phase I) project is invested and constructed by China Post Communication Technology Co., Ltd. and Ningde Hengye New Energy Technology Co., Ltd. The first phase is about 50 mu of land, with an investment of 0.18 billion yuan, to build an energy storage capacity of 1.2GWh power Battery integrated System Products assembly line, and the construction of national new energy testing center; Second, it is expected that the first phase will be put into operation and then the land construction will be declared. The second phase plans to invest 0.44 billion yuan, it is planned to build 3GWh lithium iron phosphate batteries production line and 0.5GWh energy storage system production line.