A new energy production and storage plant set up in the Taizhou Medical High-tech Zone – in Taizhou city, in East China's Jiangsu province – has brought in over 300 million yuan ($41.55 million) in orders, since the project to build it was signed in December 2022.
Financed by Fortune Global 500 company Shenghong Holding Group Co Ltd, the plant is the group's first project in the new energy industry.
It's been designed to utilize leading international technologies – such as intelligent sensing and multi-terminal DC controls – to cover the entire industry supply chain from materials, battery cells, and modules to terminal products.
In September last year, the plant's products were sampled, and it generated invoiced sales of nearly 60 million yuan in the following three months alone.
The company estimates that at full capacity, annual sales of the facility will hit 25 billion yuan.
At present, the plant is vigorously ramping up its production capacity and it has completed the delivery of the first batch of overseas orders.
What's more, it has signed supply contracts with customers from India, Thailand and Laos, among others – with bulk orders covering such products as battery cells, industrial and commercial energy storage cabinets and integrated household light storage devices.
A new energy storage plant, run by Shenghong Holding Group Co Ltd, swings into gear. [Photo/Taizhou Medical High-tech Zone via WeChat weigg6666]