On July 25, 2023, the centralized commencement ceremony of the major project in Lingwu (High tech Zone), Yinchuan, Ningxia was held at the site of the Kungong Technology's annual production of 20 million KVAh new lead-carbon energy storage battery project. The total investment of the six key projects that have started construction on site is 13.68 billion yuan.

Among them, Guoneng Lingshao DC supporting Lingwu 2 million kilowatt composite photovoltaic base project is one of the second batch of large-scale wind power photovoltaic base projects in the country, and is also the first large-scale wind power photovoltaic base in Lingwu and the largest single photovoltaic project. The total investment is nearly 10 billion yuan, the installed capacity is 2 million kilowatts, and the supporting construction of 200MW/400MWh energy storage is planned to be put into production in 2024. Kungong Technology's annual production of 20 million KVAh new lead carbon energy storage battery project is the first in China to produce a "large capacity aluminum based lead carbon long-term energy storage battery". The total investment of the project is 2.4 billion yuan, and it can achieve an annual output value of 20 billion yuan, with a tax payment of 1.2 billion yuan.

Since 2023, Lingwu has planned to implement 126 capital construction projects with a total investment of 34.3 billion yuan, 74 of which are listed as key projects in Yinchuan, with an annual planned investment of 12.35 billion yuan, up 73.7% year on year. Mengniu's world's first fully intelligent factory, Fuyang 13000 tons of milk powder processing and other projects have been completed and put into operation. Huadian's 200MW and Zhonghuan's 100MW centralized photovoltaic grid connected power generation, 30000 spindle linen wet spinning and dyeing, 260 ton fine spinning technology transformation, and Chenhong Technology upgrading and transformation projects have accelerated the progress, further activating the "power source" of high-quality economic and social development in Lingwu. In the first half of this year, the city's Gross regional product reached 36.875 billion yuan, ranking first in the region, with a year-on-year growth of 8.2%, the added value of industries above the municipal scale increased by 32.7%, the municipal fixed assets investment increased by 16.8%, and the general Public budgeting revenue increased by 24.4%. Editor/Zhao E