[Energy Storage: Yongtai Shuneng Delivers First Photovoltaic-Storage-Charging Integrated Charging Station In Peng'an]

Deye ESS, a wholly-owned subsidiary of Deye Shares, signed a Phase II investment agreement with the Cixi Binhai Economic Development Zone to build a commercial and industrial (C&I) energy storage production line project with an annual capacity of 9GWh. The fixed asset investment is expected to be no less than 1.232 billion yuan. This project represents the second phase of an overall 16GWh C&I energy storage production line plan.

Recently, the Spanish news agency EFE reported that BYD has announced an investment of 500 million Brazilian reais (approximately 100 million US dollars) to establish an energy storage battery production base in Brazil. This marks the largest dedicated investment in energy storage batteries in Brazil to date and signals an acceleration in BYD's energy transition strategy in Latin America. In its statement, BYD said that the investment will be implemented in a phased, incremental approach, steadily advancing the construction of energy storage battery production capacity. Addressing the specific characteristics of the Brazilian market, BYD noted that the region faces significant imbalances in electricity production, coupled with the essential energy demands of core high-consumption industries such as mining, agriculture, and livestock. These factors present extensive application scenarios for energy storage equipment, which can effectively address local power supply and demand gaps.

China's exports of lithium iron phosphate (LFP) in May 2026 reached 7,625.4 tonnes, up 29.3% month-on-month from April and surging 710.0% year-on-year from May 2025, setting a new high for a single month this year.