According to filing information on the Zhejiang Government Service website and Sina Finance reports on August 5, the "Zhejiang Lvchu Energy Technology Co., Ltd. 10 GWh-per-year sodium-ion cell and storage battery pack production base project" has formally completed project filing. Total investment is about 4 billion yuan, with fixed-asset investment of about 3.6 billion yuan, built in phases: Phase I plans 2 billion yuan for a 5 GWh-per-year sodium-ion cell and storage battery pack production base; Phase II plans another 2 billion yuan for a 5 GWh-per-year base. The project is located in Quzhou Smart Manufacturing New City, Zhejiang Province, with Phase I at Plant H-17 in Donggang Area and reserved Plot C-49 for Phase II. Construction is expected to start in October 2026 and complete by September 2028.
Regarding the project entity, the implementing company Quzhou Lvxin New Energy Co., Ltd. Was established in July 2026 with registered capital of 1.38 billion yuan, a wholly-owned subsidiary of Lvchu Huanyu New Energy (Shenzhen) Co., Ltd., itself wholly owned by Lvchu Energy Group (China) Co., Ltd. Sodium-ion projects have landed intensively in 2026: according to incomplete statistics from Battery.com, 21 new sodium-ion investment projects were officially announced in H1 2026, 19 of which disclosed amounts totaling about 29.7 billion yuan. In H2, CATL's 40 GWh Fuding sodium expansion, Rongbai's 4.7 billion yuan Xiantao cathode project and others have progressed, with both cell and materials capacity build-outs accelerating.