Penghui Energy plans to build a production base in Anhui

Penghui Energy announced plans to invest 5 billion yuan to build a 10GWh energy storage cell and energy storage system manufacturing plant and an independent shared energy storage R&D base in Guangde, Anhui. The project is planned to be carried out in two phases, with the first phase expected to be completed and put into production in September 2025, and the second phase to be carried out according to the investment plan. Penghui Energy will establish a wholly-owned subsidiary or holding company in Guangde City, Anhui Province as the project implementation entity.