Youngy Group to build three high-end industrial chains in Nansha

The groundbreaking ceremony for Youngy Group's Phase II projects, which include new energy production bases and research and development bases, was held in Nansha district on March 23.

To date, both phases of projects have a total investment of approximately 15.3 billion yuan ($2.2 billion), and will have an estimated annual output value of 30.5 billion yuan. The projects focus on the three high-end industries: lithium energy, photovoltaic energy and flexible displays.

"To build up industrial advantages, Youngy Group will fully utilize Nansha's resources to transform core technology, top talents and quality resources into productivity and competitiveness," said Xie Yegen, director of Youngy Group.

The launch of the Phase II projects will further improve the battery materials industry chain for new energy vehicles in Nansha. It will also build technical support for the energy storage battery industry chain.

At present, Nansha is accelerating the development of a new 100-billion-level new energy vehicle industrial cluster, gathering leading vehicle enterprises along with a number of high-quality new energy vehicle core component enterprises. The new energy storage industry is also currently gaining momentum from these developments.