energy storage

Chinese Health Food Giant Nanfang Black Sesame Has Entered Battery Industry with RMB 3.5 Investment

published 2023 年 04 月 17 日 9:30
On March 31, Nanfang Black Sesame announced that its wholly-owned subsidiary Jiangxi Xiaoheixiaomi Foodstuff will transform into a manufacturer for energy storage batteries. Additionally, Black Sesame plans to invest RMB 3.5 billion in building a plant for manufacturing LFP energy storage batteries in Xinjian District of Nancheng, the capital of China's Jiangxi Province. ...  more

GCL to Raise RMB 6 Billion for Projects Related to TOPCon Cells and Energy Storage Systems

published 2023 年 04 月 13 日 9:30
In late March, GCL announced that it plans to launch a private placement with the goal of raising no more than RMB 6 billion. After deducting the expenses, the net proceeds will be used to fund the development of two new manufacturing projects and supplement its working capital. This announcement was first picked up by other Chinese news outlets. ...  more

Sale of TECO Electric Buses to Triple this Year! Company President Thomas Fann Says Push for Electric Logistics to Begin Again

published 2023 年 03 月 28 日 9:30
TECO attended the 2023 Smart City Summit & Expo, with this year’s theme being “Digital Transformation & Green Transition”, to propose a number of sustainability solutions at the Net Zero City Expo. These solutions are aimed at creating a more sustainable environment for businesses and smart cities. Thomas Fann, president of TECO, shared TECO’s projections of tripling sales of electric buses and the company’s plan to start launching electric logistics vehicles. ...  more

Great Power Has Been Approved by CSRC to Raise RMB 3.4 Billion for Energy Storage Battery Base

published 2023 年 03 月 28 日 9:30
Great Power, a Chinese battery supplier, announced on March 20 that it plans to raise RMB 3.4 billion to build a base for manufacturing energy storage batteries. According to the latest related information that EnergyTrend has received, the China Securities Regulatory Commission (CSRC) has approved Great Power’s application to launch a private placement that will raise the fund for the development of the base. ...  more