South Power announced on September 6 that in order to further improve the production scale of the energy storage system, seize the good market development opportunities in the field of power storage, meet the company's continuous growth of orders, and seize the opportunity of the vigorous development of the energy storage market in the northwest of China, further enhance the market share and competitiveness, it plans to invest in the construction of a 4GWh energy storage battery and integrated project with an investment of 1 billion yuan.

It is reported that the project's fixed asset investment is expected to be 1 billion yuan, and the project land is 200 mu, with a factory area of about 94,000 square meters, composed of cell, PACK and integrated system intelligent manufacturing lines. The project is located in Jiuquan Economic and Technological Development Zone (South Garden). The project is planned to start construction in September 2023 and is expected to be put into production in the first half of 2024, with a capacity scale of 4GWh.