On October 26, Ningde Times Energy Storage Technology Co., Ltd. was established in Ningde, Fujian Province, with a registered capital of 5 billion yuan. It is wholly owned by Ningde Times New Energy Technology Co., Ltd. and its legal representative is Dai Xingwei. According to public information, Dai Xingwei is the Minister of Post-Investment Management of Ningde Times.
The company's business scope includes energy storage technology services, solar power technology services, wind power technology services, battery manufacturing, capacitor and its supporting equipment manufacturing.
In addition, Ningde Times sold about 65 GWh of energy storage batteries in the third quarter of 2026.
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