Sungrow Secures 500MWh Energy Storage Order in Southeast Asia

On September 17, Yuedong New Energy’s semi-solid battery PACK and containerized energy-storage project officially broke ground in Yancheng, Jiangsu. Once completed, the project will have annual production capacity of 5 GWh for semi-solid battery PACKs and energy-storage containers. The project currently has orders worth more than RMB 100 million and is scheduled to complete plant renovation and equipment commissioning in November, with commercial production targeted for the end of 2026.

Hunan-based Xuetian Salt Industry plans to acquire 100% of Hebei Kuntian New Energy through a combination of share issuance and cash payment, marking its entry into the lithium-ion battery anode-material sector. Hebei Kuntian produces artificial graphite, silicon-based and hard-carbon anode materials for energy storage. However, one of the transaction counterparties has been placed under investigation by the China Securities Regulatory Commission for suspected insider trading, creating uncertainty over whether the restructuring can proceed smoothly.

On September 13, CATL signed a cooperation agreement with Egyptian battery company BME to build a battery manufacturing plant in Egypt in phases. The first phase will have annual capacity of 1 GWh and will mainly produce batteries for heavy commercial vehicles. After completion of the second phase, total capacity will rise to 5 GWh, with products expanded to passenger-vehicle and energy-storage batteries. The project is also expected to achieve a local-content rate of 40%.