Ningxin Power may be responsible for the operation and management of the 60GWh annual energy storage and power battery project

According to industry speculation, Ningxin Power may be responsible for the operation and management of the 60GWh annual energy storage and power battery project. This project will boost Henan's local battery production, fill the gap in its lithium battery industry chain, and accelerate the development and transformation of the new energy industry. The total investment of the project is 10 billion yuan, and the annual output value is expected to reach 40 billion yuan after full production. The four major shareholders of Ningxin Power are China Pingmei Shenma Holding Group Co., Ltd., Henan Automobile Industry Investment Group Co., Ltd., Pingdingshan Development Investment Holding Group Co., Ltd. and Innobesen Energy Storage Technology (Henan) Co., Ltd. Among them, the first three are major shareholders, all of which are state-owned enterprises, showing the strong background and strength of Ningxin Power.