EPC Bidding Launched for 50MW/100MWh Storage Project Supporting 500MW PV Plant in Sichuan's Yajiang County

On June 9, Anhui INLIF Electronic Technology Co., Ltd. held a board of directors meeting and formally terminated the overseas new energy joint venture investment project of its wholly-owned subsidiary. The main content of this terminated overseas investment project was for the wholly-owned subsidiary, Anhui Feimi New Energy Technology Co., Ltd., to join hands with Rhine Holding Co., Ltd. to establish a venture, setting up Netherlands Feimi New Energy Technology Co., Ltd. During project advancement, due to changes in objective implementation conditions, the project failed to make substantial progress. The target company has not yet been established, and INLIF has not invested any funds. Based on considerations of preventing investment risks and optimizing resource allocation, and through friendly consultations between the two parties, a final decision was made to terminate this cooperation.

On June 10, news emerged that General Motors has reached a strategic cooperation agreement with US energy storage company Peak Energy to jointly develop sodium-ion battery technology for grid-side energy storage applications. The two parties will combine Peak's passive cooling energy storage technology with General Motors' battery cell research and development expertise, aiming to create the world's most cost-effective and reliable energy storage battery. Under the cooperation, General Motors will use its battery laboratory in Michigan for dedicated research and development of sodium-ion battery cells, while Peak Energy will integrate these sodium-ion cells into its proprietary energy storage systems.