Today (October 22nd), a framework agreement for a large-scale energy storage and power battery project with an annual capacity of 60GWh was signed in Zhengzhou, Henan Province. Representatives from China Pingmei Shenma Holding Group Co., Ltd., Henan Automobile Industry Investment Group Co., Ltd., InnoBenson Energy Storage Technology (Henan) Co., Ltd., Henan Pinggao Electric Co., Ltd., and Pingdingshan City Development Investment Holding Group Co., Ltd. signed the agreement.

The energy storage and power battery project is divided into two phases. It is planned to build a total capacity of 60GWh energy storage and power battery project in Xinhua District High-tech Industrial Park, with a total investment of 10 billion yuan. The first phase project is planned to invest 2 billion yuan, and after reaching its production capacity, it can achieve an operating income of 7 billion yuan and a tax profit of more than 1 billion yuan.