BYD Energy Storage Signs Agreement for 2.4GWh Battery Storage Project in Poland

Jixin Technology (601218.SH) announced that its wholly-owned subsidiary Jixin Binhai plans to invest in the construction of the Jixin Technology Binhai Wind Power High-end Equipment Intelligent Manufacturing Project (Phase I), with total investment not exceeding 700 million yuan. The project plans to build new facilities including a casting combined workshop and machining workshop. Phase I designed capacity is 50,000 mt/year, with a construction period of 18 months and construction expected to start in November 2026. Funding sources include self-owned funds and bank loans. This investment has been approved by the board of directors and does not require shareholder meeting approval.

Data shows that in August, auto production and sales rose more than 4% MoM, NEV production and sales increased about 18% YoY, and the penetration rate hit a new high of 60.6%. Exports exceeded 1 million units for three consecutive months, with YoY growth above 65%, and the share of NEV exports rose to 52%. The market share of domestic-brand passenger vehicles reached 77.76%, up more than 8 percentage points YoY.