KSTAR and CATL have announced the completion of two new energy storage factories in Fujian, China with an annual production capacity of 1GW. The two companies have established a joint venture named CATL-KSTAR Science & Technology Co.,Ltd, to support the design of high quality storage products to meet the needs of international customers. The joint venture uses advanced technologies to maximise electricity generation, and all products are integrated with a CATL battery and KSTAR inverter.
A company spokesperson said “the creation of the new factories will enhance sustainable production of energy storage systems around the world, given the growth of the global market.”
The 206,907 square metre factories, located in Fujian’s Xiapu Economic Development Zone, have created more than 600 new jobs for the local community and feature two production lines for energy storage PCS equipment, two for charging lines and an additional line for battery pack assembly.