CGN signs 2.5 billion energy storage system integration line project in Yulin, Shaanxi

On the afternoon of February 28, CGN and Ruihaixun (Shanghai) New Energy signed a 2.5 billion yuan energy storage system integration line project investment contract in Wubao County, Yulin City, Shaanxi Province. The project is a key project of Wubao County and Yulin City. It is planned to be implemented in two phases. The first phase will invest 500 million yuan and is expected to achieve a production capacity of 5GWh in 2024; the second phase will invest 2 billion yuan and is expected to achieve a production capacity of 20GWh.