# Zaozhuang Xinyuanda to invest 2 billion yuan in mining lithium battery equipment line

Zaozhuang Xinyuanda Equipment Manufacturing Co., Ltd., a subsidiary of Shandong Energy Zaozhuang Mining Group, is investing 2 billion yuan (phase 1: 500 million yuan) to expand its mining lithium battery equipment production line in Zaozhuang, Shandong, China. The project will produce lithium battery monorail locomotives for coal mines, replacing diesel engines, and is expected to create over 500 jobs and achieve annual output value of 1 billion yuan.

- Type: Expansion
- Announced: 2023-12-05
- Where: Zaozhuang, Shandong, China
- Value: $280.0M (2.00B CNY)
- Jobs: 500
- Status: under construction
- Capacity: annual output value of 1 billion yuan
- Products: lithium battery monorail locomotives, mining auxiliary transport equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Zaozhuang Xinyuanda Equipment Manufacturing Co., Ltd.](https://endata.com/companies/74197.md)
- [Shandong Energy Zaozhuang Mining Group](https://endata.com/companies/74198.md) (partner)

## Sources

- [zaozhuang.iqilu.com](https://zaozhuang.iqilu.com/zzyaowen/2023/1205/5560929.shtml), 2023-12-05: "从今年2月份开始仅用了8个月，我亲眼看着这片荒地变成了我们的新厂区。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.