Far East Holdings Subsidiaries Secure 30.75B Yuan in Contracts, Focusing on Energy Storage and Lithium Batteries

Published: Feb 5, 2026 09:46

Save

On February 3, Far East Holdings announced a disclosure regarding its subsidiary's awarded projects. In January 2026, the total value of contracts awarded to and signed by its subsidiaries, each exceeding 10 million yuan, amounted to 30,753,888,000 yuan. Among these, contracts related to energy storage systems were valued at 594 million yuan, while those related to lithium batteries totaled 1,186.9 million yuan.
Far East Holdings stated that the company is firmly implementing its "electric energy + computing power + AI" strategy and will continue to fully expand related core technology products/services.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Tyeeli and RAHIMAFROOZ Group Sign Cooperation Agreement, Deliver First Batch of Lithium Batteries

On January 26, Tyeeli signed a cooperation agreement with RAHIMAFROOZ Group, a leading battery manufacturer in Bangladesh, and completed the delivery of the first batch of low-speed vehicle lithium battery products on-site. According to the agreement, the two parties will explore collaboration in areas such as products, technology, and market expansion. The CEO of RAHIMAFROOZ Group and his delegation visited Tyeeli's lithium battery intelligent manufacturing base, spoke highly of Tyeeli's manufacturing strength and product advancement, and expressed strong confidence in the future in-depth cooperation between the two sides.

1 hour ago

Iron Phosphate 500 Yuan Price Hike: Costs Swallow the Gains

Iron phosphate prices rose by ¥500/ton, yet ¥409 of this was offset by surging raw material costs. Tight supply in sulfur and titanium dioxide sectors drove up input expenses, making this hike a cost pass-through with little real profit gain for producers.

1 hour ago

2 hours ago

CORNEX New Energy and Baneng Group Sign Strategic Cooperation Agreement for Energy Storage and Tech Innovation

Recently, CORNEX New Energy Co., Ltd. signed a comprehensive strategic cooperation agreement with Bayannur Energy (Group) Co., Ltd. (hereinafter referred to as "Baneng Group"). According to the agreement, CORNEX New Energy will fully leverage its leading advantages in lithium battery core technology, intelligent manufacturing, and energy storage system integration, and deeply integrate them with Baneng Group's solid capabilities in new energy project development, regional resource integration, and industrial operation services. The two parties will focus on areas such as energy storage system construction, joint innovation in new energy technologies, and industry chain collaboration, using specific projects as the foundation to promote technology sharing and business implementation.

2 hours ago