China’s $500 Billion Lithium Battery Firms Face Collapse: Factories Shut, Buildings Abandoned
China’s $500 Billion Lithium Battery Firms Face Collapse: Factories Shut, Buildings Abandoned
Udumbara
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An investment project worth nearly a billion has now turned into a "ghost town." This lithium battery factory, covering 300 acres, was once one of the most notable companies in the area, with an annual output valued in the billions. The facility had it all: a technical research center, exhibition hall, office building, and factory spaces—16 buildings in total. Now, the whole site stands abandoned.
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