Wanliyang plans to acquire 51% of Wanliyang Energy Company to expand energy storage business.

On November 24, Wanliyang announced its intention to acquire 51% of Zhejiang Wanliyang Energy Technology Co., Ltd. It is understood that Wanliyang Energy Company is mainly engaged in the investment and operation of energy storage power stations, spot trading in the electricity market, power security testing and other businesses. the purpose of this acquisition is to develop energy storage power stations, spot trading in the electricity market, and other businesses. to further broaden the company's industrial layout.

At present, with the national implementation of the "carbon neutralization, carbon peak" plan, the development of new energy vehicles has been regarded as an important measure to reduce carbon emissions and achieve carbon neutralization. For this reason, apart from the R & D, production and sales of automotive transmissions, Wanliyang is also making great efforts to develop new energy vehicle transmission / drive systems, including EV reducer, ED "two-in-one" electric drive system, EDS "three-in-one" electric drive system, ECVT electric drive system and DHT hybrid system, among which Wanliyang's DHT hybrid system is reported to have completed the real vehicle adjustment of three customer sample cars.

The acquisition of Wanliyang Energy Company shares can be said to open up a new area of business. In recent years, the rapid development of new energy vehicles has led to the growth of the energy storage market. Previously, the "guidance on accelerating the Development of New Energy Storage (draft for soliciting opinions)" issued by the National Development and Reform Commission and the National Energy Administration proposed that by 2025, the installed scale of the new type of energy storage will reach more than 30GW. According to the estimates of relevant institutions, the space of China's energy storage market will reach more than 1.2 trillion yuan by 2030.

Xin Guobin, vice minister of the Ministry of Industry and Information Technology, even said that every new energy vehicle is an energy storage unit, and it is necessary to encourage places where conditions permit to demonstrate the interactive application of new energy vehicles and Electroweb, so as to give full play to the distributed advantages of new energy vehicles.

Under the huge market demand, many power battery manufacturers, including Ningde era, Guoxuan Hi-Tech, Honeycomb Energy and so on, are actively laying out the energy storage market. Through this acquisition, Wanliyang is also expected to open up a new business growth situation with the new business of Wanliyang Energy Company in customer-side energy storage power stations such as charging stations.

It is understood that Wanliyang Energy has successfully operated a number of energy storage projects. On the power generation side, the company has put into operation 4 fire storage projects, including 15 under construction and reserve projects, with a total installed capacity of more than 200MW; on the Electroweb side, 10 projects under construction and reserve, with a total installed capacity of more than 3GWh; and on the user side, 200 projects under construction and reserve, with a total installed capacity of more than 2GWh.