China Electrical Equipment to Establish Energy Storage Subsidiary in Shanghai! It is reported that on January 16, 2024, China Electrical Equipment announced on its official WeChat account that it plans to establish an energy storage subsidiary in Shanghai, indicating that another heavyweight energy storage enterprise is about to be established. The newly established China Electrical Equipment Group Energy Storage Technology Co., Ltd. (hereinafter referred to as "Energy Storage Company") is a holding subsidiary of China Electrical Equipment Group. It is a restructuring based on the energy storage of XJ Electric, the energy storage technology of Pinggao Group and the electric power era of Shandong Electric Power. It is planned to be registered in Shanghai.