Yuanxin Energy Storage and Zhaoqing Management Committee signed a 500 million lithium battery energy storage system R&D and production project investment agreement

On March 19, Shenzhen Yuanxin Energy Storage Technology Co., Ltd. (Yuanxin Energy Storage) signed an investment agreement with the Guangdong-Guangxi Cooperation Special Experimental Zone (Zhaoqing) Management Committee for a lithium battery energy storage system R&D and production project with a total investment of approximately RMB 500 million. The project mainly produces new energy storage equipment with an annual output of 2GWh, including multiple battery modules and new energy storage equipment manufacturing production lines.