Lingchong New Energy completed strategic financing of nearly 100 million yuan, with investment from China National Petroleum Corporation Kunlun Capital

On July 18, Lingchong New Energy completed a financing of nearly 100 million yuan, invested by Kunlun Capital of China National Petroleum Corporation. The funds will be used for research and development, market expansion and production capacity improvement. This investment marks the first investment layout of PetroChina in the field of charging equipment and new power equipment. Lingchong New Energy released two distributed energy storage products of 100 kWh and 215 kWh in 2023 to further develop industrial and commercial energy storage business. At present, Lingchong New Energy's energy storage business mainly focuses on microgrid scenarios, including five sub-scenarios such as comprehensive management of low-voltage areas, new energy distribution and storage, industrial and commercial energy storage and distribution, integrated photovoltaic storage and charging, and wind, photovoltaic storage and microgrid.