On the morning of November 9th, the China Pingmei Shenma Group's 60GWh energy storage and power battery project (Phase I) started in the New China High-tech Industrial Park.

It is understood that on the morning of October 22nd, China Pingmei Shenma Group, Henan Automobile Industry Investment Group, Enovoson Energy Storage Technology (Henan) Co., Ltd., Henan Pinggao Electric Co., Ltd., and Pingdingshan Development Investment Holding Group signed in Zhengzhou. The five parties jointly invested in the construction of the Group's 60GWh energy storage and power battery project. The total investment of the project is 10 billion yuan, divided into two phases, and the annual output value can reach 40 billion yuan after the full production.