Subsidiary of Li Xin New Energy (001258.SZ) plans to invest in the construction of a grid-type independent energy storage project in Kuitun City with a capacity of 200,000 kilowatts/800,000 kilowatt-hours.

Zhicheng Finance APP News, LiXin Energy (001258.SZ) announced that the company's wholly-owned subsidiary, Kuitun City LiXin, plans to invest in the construction of a Kuitun City 200,000 kW / 800,000 kWh grid-type independent energy storage project, with a total investment of approximately RMB 529 million and a construction period of 12 months.