Xinhua News Agency, May 28, according to Zhengqi Holdings, the launching ceremony of the industrialization project of intelligent manufacturing of 20GW high-efficiency N-type battery chips was held in the Economic Development District of Maanshan City on May 28. The project is located in the Economic Development District of Maanshan City and is planned to be built in three phases. Among them, 2.5 billion yuan will be invested in the first phase to build 5GW high-efficiency N-type photovoltaic batteries with annual production capacity. The first phase of the project is expected to be completed and put into production within this year. According to the forecast, the annual output value of the first phase will be 5 billion yuan, with an annual increase of 7 billion kWh of green power, 870000 tons of standard coal saving and 7 million tons of carbon dioxide reduction.