On June 19, the Scud Green Energy Storage Intelligent Manufacturing Project, which was invested by Scud Energy Technology Co., Ltd. (Hereinafter referred to as "Scud Energy"), started in Tianjin Baodi Jiuyuan Industrial Park.
Scud Tianjin Energy Storage Base, with a total investment of 5 billion yuan and an area of 500 mu, plans to build 15 square lithium battery PACK automatic production lines, 6 energy storage container automatic assembly lines and 2 industrial and commercial energy storage production lines, with an annual capacity of 96 GWh and an estimated annual output value of about 10 billion yuan.
Scud Group was founded in 1997 and listed on the Hong Kong Stock Exchange at the end of 2006. Its main business is to provide comprehensive battery solutions for mobile digital products.