Indonesia to Significantly Reduce Value-Added Tax on Electric Vehicles

On April 22 local time, Sunwoda, together with a local Belgian client, held a completion ceremony for the battery energy storage project. With a capacity of 10 MW/55 MWh, the project is one of the largest battery energy storage parks connected to the Fluvius distribution power grid, marking a further step in Sunwoda's localization strategy and project delivery capabilities in the European market.

Sungrow stated at a conference call on April 27 that rising raw material prices such as lithium carbonate had challenged project-end returns. The impact on small and medium-sized projects was relatively small, as these projects could agilely pass through costs, while particularly large projects were constrained. Overall, the total installed capacity of energy storage would still increase over the next three years, with expected growth of 30%–50%.

On April 27, 2026, Fujiang Energy Technology Co., Ltd., a subsidiary of Geely Technology Group, received approval from the Tonglu County Development and Reform Bureau for its "High Performance Energy Storage Sodium-Ion Battery Digital Production Line Project," with a total investment of 148.69 million yuan. The project focuses on commercial energy storage scenarios, leveraging AI-driven full-process data integration to build an intelligent sodium-ion battery cell system for energy storage, tailored to long duration energy storage (LDES) requirements. Fujiang Energy is a core enterprise in Geely's battery segment. The Tonglu base is expected to have 12 GWh of power battery capacity, with LFP production lines already in operation, supplying Geely Galaxy, Zeekr, and other car models. The approval of this sodium-ion battery production line marks Geely's official implementation of a "lithium battery + sodium-ion battery" dual-technology roadmap, enhancing the new energy industrial ecosystem in Tonglu and accelerating sodium-ion battery industrialisation and energy storage market penetration.