Youneng Technology plans to invest 1.5 billion yuan to build a smart manufacturing base for energy storage in the northwest region. Youneng Technology (688348.SH) announced that the company plans to sign an "Investment Cooperation Agreement" with the People's Government of Baiyin District, Baiyin City, to invest in the construction of a smart manufacturing base for energy storage in the northwest region.
The total planned investment for this project is 1.5 billion yuan. The construction period for the first phase is 1 year, with an investment of approximately 300 million yuan, and the second phase is 2 years, with an investment of approximately 1.2 billion yuan. The construction content mainly includes the construction of factories, installation and commissioning of production lines and equipment, auxiliary facilities, energy storage demonstration projects, and research and demonstration projects. It is intended for the production of commercial and industrial energy storage products such as integrated energy storage cabinets, energy storage inverters PCS, battery management systems BMS, PACK, etc.
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