New Energy Investment: Subsidiary plans to invest 529 million yuan to build an independent energy storage project in Kuitun City.

On the evening of June 24th, Lixin New Energy announced that its wholly-owned subsidiary, Kuitun City Lixin, plans to invest in the construction of a grid-type independent energy storage project with a capacity of 200,000 kilowatts/800,000 kilowatt-hours in Kuitun City. The total investment is expected to be approximately 529 million yuan. This investment will help promote the company's continuous exploration and practice in the field of large-scale energy storage, and will help Xinjiang Uygur Autonomous Region to further implement the "dual carbon" policy, create a demonstration project for independent energy storage, and coordinate with the energy storage-related industrial chain.