On June 23, Ningbo Deye Technology Co., Ltd. announced that its wholly-owned subsidiary, Deye Energy Storage, signed a Phase II investment agreement with the Management Committee of Cixi Coastal Economic Development Zone to invest in the construction of a production line project with an annual capacity of 9 GWh for commercial and industrial (C&I) energy storage systems. The fixed-asset investment is expected to be no less than Yuan 1.232 billion. This project represents Phase II of the overall 16 GWh C&I energy storage production line project and will be advanced in line with market trends and the company's industrial layout.
Edited by Cassie Li, lixiangying@mysteel.com
