China National Electric Equipment Group reorganized and integrated its energy storage companies to establish China National Electric Energy Storage Technology Co., Ltd.

China National Electric Equipment Group reorganized and integrated its energy storage companies to form China National Electric Energy Storage Technology Co., Ltd. The company's shareholders include Pinggao Group, Xuji Group, Shandong Electric Power, Suoying Electric and other industry "bigwigs", as well as the battery industry "big brother" CATL. China National Electric Energy Storage's business scope includes battery manufacturing, which has caused widespread speculation in the industry that it may manufacture energy storage batteries in the future.