Camel Co., Ltd.: portable energy storage products will be launched in the first half of 2022

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Recently, Camel released a summary of investor research and communication activities, which introduced the basic business situation of the company, the development trend of low-voltage batteries for new energy vehicles, the development and planning of recycled lead business and energy storage business, as well as the development of lithium battery recycling business.

Referring to the development of the energy storage business, Camel said that the company's energy storage started with the peak-valley price difference arbitrage on the customer side. As the company spends a lot on electricity every year, the container energy storage products developed by the company began to be used within the company in 2017. after continuous optimization and iteration, the self-developed technology reserves such as cell, BMS, PACK and so on have become increasingly mature. at present, container energy storage products for power generation side and household energy storage products for European and American household users are mature, and many products have passed Tyre certification. Portable energy storage products will also be launched in the first half of next year.

At present, the technical team and sales team of Camel Energy Storage, including the overseas sales team, have been set up, and it is planned to set up a separate subsidiary to operate independently in the near future, which will develop in parallel with the original low-voltage battery business. as the company's second growth curve in the next few years.

And it is worth mentioning that as early as November 17, Camel announced that the company intends to cooperate with the three Gorges Electric Energy Management (Hubei) Co., Ltd. in photovoltaic projects and energy storage projects. The two sides intend to jointly achieve the goals of no less than 150MW distributed photovoltaic projects and no less than 1GWh energy storage projects by 2025.

At present, Camel has 1GWh production capacity. With the growth of business scale, the company will take 5GWh as a project unit from next year and expand its production capacity step by step with 5G + according to market demand to meet the needs of energy storage business development in the next few years.