Yuneng Science and Technology announced on the evening of December 7 that the company intends to sign the Investment Cooperation Agreement with the People's Government of Baiyin District, Baiyin City, Gansu Province, to invest in the construction of an intelligent manufacturing base for energy storage in Northwest China.
The board of directors agrees that Jiangsu Lingchu Yuneng Technology Co., Ltd. (Hereinafter referred to as "Lingchu Yuneng"), a holding subsidiary, will invest in the establishment of a wholly-owned subsidiary to carry out investment projects. The total investment of the project is planned to be 1.5 billion yuan , of which the first phase of construction period is one year, with an investment of about 300 million yuan, and the second phase of construction period is two years, with an investment of about 1.2 billion yuan. The construction period of the project is 36 months, and the actual situation shall prevail.
The announcement shows that the project covers an area of about 280 mu, and the construction mainly includes plant construction, production line and production equipment installation and commissioning, ancillary facilities, energy storage demonstration projects and scientific research demonstration projects, which are intended to be used for the production of energy storage integrated cabinet, energy storage converter PCS, battery management system BMS, PACK and other industrial and commercial energy storage products. According to the
data, Lingchu Yuneng was established in October 2022, with a registered capital of 100 million yuan and a paid-in capital of 18.28 million yuan, and Yuneng Technology holds 55% of its shares.