Some of the subsidies for electric grids in multiple states in the United States are flowing to DaoTong Technology, with the expectation of promoting a hundred energy storage projects within the year.

Journalists have learned from industry insiders that electricity companies in states such as California, New York, North Carolina, and Texas in the United States can receive a total of government subsidies for grid upgrades and charging infrastructure between $400 million and $500 million annually. Approximately half of these subsidies are used by these companies to purchase charging solutions from DaoTong Technology. The insider further revealed that DaoTong will secure at least 100 energy storage demonstration stations in cooperation with electricity companies this year.