At the 2024 World Power Battery Conference, a significant milestone was reached with the signing of 137 projects, amounting to a combined investment of 95.25 billion yuan, which is approximately 13.4 billion dollars. This move is anticipated to significantly boost local economies and generate numerous jobs.

The conference, which commenced on Sunday in Yibin, located in the southwest of Sichuan Province, China, attracted an impressive gathering of nearly 400 industry experts and company executives from both local and international backgrounds.

Organized by the Sichuan provincial government, the event seeks to foster an international cooperation platform aimed at advancing the power battery industry and facilitating the sustainable, high-quality development of green and low-carbon industries.

China has made remarkable progress over the years in developing a comprehensive industrial chain for the new energy vehicle (NEV) sector, further emphasizing the country's commitment to sustainability and innovation within the industry.

From the total projects announced at the conference, 133 will be situated in Yibin, securing a substantial portion of the investment aimed at strengthening the local economy.

The projects in Sichuan are projected to yield a combined annual output value exceeding 100 billion yuan and to create over 20,000 jobs once they become fully operational, according to the Yibin municipal department for economic cooperation and new industries.

Since its inception in 2022, the World Power Battery Conference has seen significant activity, with more than 100 projects and total contracted investments surpassing 200 billion yuan signed during the prior two sessions.

The ongoing developments in the power battery industry within Yibin and across Sichuan reflect a broader commitment to establishing key international partnerships that promote innovation in energy and sustainability.