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The NETC LFP battery plant has broken ground in Lanzhou, Gansu. The NETC LFP battery plant will add 30 GWh/yr in three phases. The NETC LFP battery plant targets fast-growing grid storage and EV demand in China.
Phase-by-phase build and product mix
NETC will invest 9bn yuan to build the facility. The first phase installs four LFP lines for energy storage cells. Two lines are 314Ah, and two lines are 30Ah. Further details for later phases were not disclosed. The staged approach limits execution risk and enables faster revenue.
China’s LFP dominance and NETC’s footprint
China produced 831.1 GWh of batteries in January–July. LFP held 79% of Chinese output over that period. LFP also neared half of global EV batteries in 2024. NETC is expanding on multiple fronts to ride this trend. It is building a 10 GWh plant in Anqing. It is also constructing a 21 GWh plant in Chuzhou. Seven GWh of the Chuzhou capacity is already online.
The Metalnomist Commentary
NETC’s Lanzhou build strengthens western China’s battery corridor. The cell formats signal a storage-led ramp, with automotive optionality. Watch procurement for lithium salts, iron phosphate, and copper foil as lines come online.
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