[CNR Zhuzhou Institute Wins the Bid for the Purchase of 15MW/60MWh Energy Storage System in Zhangye, Gansu Province of CECEP with a Price of 0.531 yuan/Wh!] On July 18th, the bidding results for the procurement of electrochemical energy storage system equipment for the 15MW/60MWh centralized energy storage power station project in Zhangye, Gansu Province of CECEP were announced. CNR Zhuzhou Electric Locomotive Research Institute Co., Ltd. won the bid for the project with a total price of 31.86 million yuan, equivalent to a unit price of 0.531 yuan/Wh. The second bidder was Sungrow Power Supply Co., Ltd. with a bid price of 37,657,321.65 yuan, equivalent to a unit price of 0.628 yuan/Wh. The third bidder was Zhejiang Nandu Power Supply Power Co., Ltd. with a bid price of 34,410,625.28 yuan, equivalent to a unit price of 0.574 yuan/Wh.

[Nandu Power Wins 264 Million Yuan Order] On July 4th, Nandu Power (300068) announced that it had officially signed a "Purchase Contract" with a French energy storage project company recently. The main content of the contract involves a 223MWh lithium battery energy storage system, providing 12-year paid warranty and operation and maintenance services, with a total amount of approximately 264 million yuan (before tax). It is understood that the contract requires a 30% deposit and advance payment, and the remaining amount will be paid gradually according to different stages such as shipment, arrival, and acceptance.

[Nandu Power Signs a Contract for a 264 Million Yuan Energy Storage Project] SMM learned that on July 4, Nandu Power issued an announcement that the company had recently signed a Purchase Contract with a French energy storage project company (hereinafter referred to as the "Buyer"). The main content of the supply is 223MWh lithium battery energy storage system, with a contract amount of approximately 264 million yuan (excluding tax). Nandu Power provides 12-year paid warranty and operation and maintenance. The announcement stated that the Buyer is an energy storage project company whose parent company is a French energy company that has been engaged in new energy development for many years. It mainly focuses on the development, financing, construction, and operation of renewable energy power plants such as wind energy, solar energy, hydropower, and biomass energy. It has successfully developed and implemented the construction of many large-scale solar, wind, hydropower, and energy storage projects, with good credit status and guaranteed performance capabilities.

[Nandu Power: Signed a Procurement Contract for a Storage Project Valued at RMB 264 Million] Nandu Power announced that the company has recently signed a "Procurement Contract" with a French energy storage project company. The main supply content is lithium battery energy storage systems, with a contract amount of approximately RMB 264 million (excluding taxes), accounting for approximately 1.8% of the company's audited operating revenue in 2023.

[Sodium Battery: Nandu Power's 5C Fast Charging and -40°C Low-Temperature Sodium Battery Possesses Mass Production Capacity] On July 1st, Nandu Power (300068.SZ) stated in response to investors' inquiries that the company's currently developed sodium-ion battery adopts a highly stable sodium cathode and a hard carbon anode with high compaction, achieving an energy density of 140Wh/kg and a cycle life of up to 3,000 times. Meanwhile, the battery supports 5C fast charging and discharging, and can operate normally in extremely cold environments at -40°C, demonstrating its mass production capability.

Nandu Power Supply: The unit price of lithium power products decreases due to the decline in raw material prices, and the contract amount of energy storage projects of the same scale decreases year on year." SMM learned that on June 13th, Nandu Power Supply responded to the reason why it did not disclose information about orders and subsidies on the investor interaction platform. Nandu Power Supply stated that the company has been deeply involved in energy storage business for 30 years, and has first-mover advantages and customer resource advantages. The company also actively utilizes its own advantages and the growth of industry demand to obtain more orders. Due to the decline in raw material prices, the unit price of lithium power products has decreased, and the contract amount of projects of the same scale has decreased year on year, which has not reached the disclosure standard. Most of the government subsidies received by the company are related to daily operating activities and can be included in regular profits and losses. Please refer to the company's periodic reports for details.