Baosteel invested RMB 380 million to establish a wholly-owned subsidiary, Shanghai Baosteel Xinchuangxiang Technology Co., Ltd., to enter the energy storage field

Baosteel Co., Ltd. recently invested 380 million yuan to establish a wholly-owned subsidiary, Shanghai Baosteel Xinchuangxiang Technology Co., Ltd., and officially entered the energy storage industry. The company's business scope includes solar power generation technology services, photovoltaic equipment and component sales, wind power generation technology services, energy storage technology services, etc. Baosteel Co., Ltd. is a world-leading modern steel conglomerate, and this entry into the energy storage field will further expand its business scope.