Baili Electric (600468.SH) plans to invest in establishing Tianjin Baili Intelligent Energy Technology Co., Ltd.

Zhtng Cijng APP News, Balit Electric (600468.SH) announced that in response to the "dual carbon" strategy of the Party Central Committee and the country, and in line with the trend of building a new power system, seizing the opportunity of "source-network-load-storage" and "zero-carbon park" construction, the company is strategically positioning itself in the smart energy industry. The company will research and develop key technologies and integrated applications to further enhance its market competitiveness. The company plans to invest in establishing a wholly-owned subsidiary, Tianjin Balit Smart Energy Technology Co., Ltd., to carry out related business in key equipment and solutions for source-network-load-storage, with a total investment of 50 million yuan.