CATL Launches 5 Billion Yuan Science And Technology Innovation Bond Issuance

[Tongbao Energy: 2025 Thermal Power Generation Down 8.58% YoY, Wind Power Discloses Multiple Indicators] Tongbao Energy announced that its wholly-owned thermal power enterprise, Shanxi Yangguang Power Generation, recorded a Q4 2025 power generation of 1,510.92 million kWh, down 13.73% YoY; on-grid electricity of 1,363.32 million kWh, down 14.34% YoY; and an average on-grid tariff of 395.52 yuan/MWh, up 13.09% YoY. For the full year 2025, power generation was 5,646.48 million kWh, down 8.58% YoY; on-grid electricity was 5,092.51 million kWh, down 9.22% YoY; and the average on-grid tariff was 380.18 yuan/MWh, up 6.94% YoY, with the proportion of market-based trading volume at 100%, unchanged from the previous year.

Recently, the Datong-Tianjin South 1000-kilovolt UHV AC project, a key project in the national 14th Five-Year Plan for power development, has made a key breakthrough. Inside the 1000-kilovolt substation in Yangyuan County, Zhangjiakou, Hebei Province, the steel structure main body of a 533-meter-long GIS (Gas Insulated Switchgear) workshop was fully capped. The completion of this "giant steel corridor" marks the completion of the construction of the core building of the UHV project, laying a solid foundation for the subsequent installation of electrical equipment and the full-line operation of the project.

On February 6, the Taiji Digital Energy Ying County Sodium-Ion Battery Zero-Carbon Industrial Park project was filed. The project has a total investment of 1 billion yuan and is invested and constructed by Taiji Digital Energy (Shuozhou) Technology Co., Ltd. The construction site is located in the Building Ceramics Industrial Park of Ying County Economic and Technological Development Zone, Shuozhou City, Shanxi Province. The project involves the construction of one highly automated large cylindrical sodium-ion battery intelligent production line and one automated sodium-ion battery intelligent module (PACK) production line. Major equipment to be procured includes high-efficiency dual planetary mixers, fully automatic double-layer extrusion coating machines, fully automatic rolling machines, fully automatic slitting machines, fully automatic winding machines, automatic assembly lines, fully automatic high-precision liquid injection systems, high-precision charge/discharge cabinets (formation cabinets), constant temperature storage cabinets, X-RAY detection machines, short-circuit testers & OCV testers, helium leak detectors, cleaning and film sleeving machines, and automatic laser welding machines.