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Recently, China's Export-Import Bank Hubei Branch participated in the syndicate to provide loans to China Innovation Aviation Technology (Wuhan) Co., Ltd. to support the construction of its Wuhan Base Phase I project. It is reported that this project is the first lithium-ion power lithium battery project in Wuhan, and it is also the first time that the banking industry in Wuhan has supported lithium-ion power lithium battery projects and companies in a syndicate way.

China Innovation Aviation Technology Co., Ltd. is the top three manufacturer of lithium-ion power lithium battery in China. Wuhan Base is one of its eight industrial bases in China, with a total planned investment of 22 billion yuan and an output of 50GWh, which will be implemented in four phases, and will be important in supporting new energy vehicles and energy storage markets. When the Wuhan project is put into operation, more than 500000 new energy vehicles can be assembled in the power lithium batteries produced each year.

In the future, the Export-Import Bank of China, Hubei Branch will closely focus on the carbon peak, carbon neutral strategy and the trillion-level automobile industry cluster that Hubei strives to build, actively play a leading role in demonstration, support the development of the real economy with greater efforts, and help realize the transformation and upgrading of the automobile industry in Hubei.

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