Zhejiang Dehong Automotive Electronic & Electrical announced that its controlling subsidiary, Zhejiang Zheneng Technology Co., Ltd., plans to invest in the construction of a 24MW/90MWh user-side energy storage project for Daya Group Co., Ltd. The estimated total investment for the project is approximately 89.4566 million yuan. This investment aims to promote the development of the energy storage business and aligns with national industrial policies and the company's Global Strategy. The project will be conducted at the facility of Daya Group Co., Ltd. in Danyang City, Zhenjiang, Jiangsu Province, with an expected operation period of 16 years. The total project investment will be funded by Zhejiang Zheneng Technology Co., Ltd., and the final investment amount will depend on the actual investment. This project will help enhance the company’s market competitiveness and create a synergy with existing businesses.
德宏股份：子公司投资约8945.66万元储能项目
Zhejiang Dehong Automotive Electronic & Electrical: The subsidiary is investing approximately 89.4566 million yuan in an energy storage project.
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