Core Viewpoint - Nandu Power focuses on the energy storage sector, providing systematic products, solutions, and operational services centered around lithium-ion and lead batteries [1] Group 1: Company Overview - The company specializes in new energy storage, communication and data center storage, and residential storage, covering a full range of product and system research, manufacturing, sales, and services [1] - Nandu Power is also involved in the integrated recycling of environmentally friendly resources [1]

证券日报网讯南都电源（300068）8月4日在互动平台回答投资者提问时表示，公司783Ah超大容量固态 电池体积能量密度大于430Wh/L，循环寿命不低于10000次，单体能量超过2.5kWh，能量效率超95%。 凭借固态电池无漏液、不起火的本征安全特性，该款产品能进一步满足大规模储能系统对安全性、稳定 性和耐久性的要求，适应2～8h储能应用场景。 ...

Core Viewpoint - Nandu Power (300068.SZ) has introduced advanced energy storage systems, enhancing energy density and capacity compared to existing solutions [1] Group 1: Product Innovations - Nandu Center L Ultra features a 6.25MWh integrated liquid cooling energy storage system, utilizing a self-developed 783Ah battery suitable for 2 to 8-hour storage scenarios [1] - Nandu Center L Max boasts an 8.338MWh storage system with a self-developed large-capacity solid-state battery, achieving a 167% increase in energy density compared to the mainstream 5MWh systems [1] - The design optimizes space utilization and internal structure, allowing for significant capacity breakthroughs in energy storage solutions [1] Group 2: Market Engagement - The company is currently engaging with customers for the introduction of new products and order negotiations [1]

Group 1 - The company has confirmed that its civilian lithium battery products have entered mass production and are now available in the market [2] - The company is actively serving its customers with these products [2] - There was an inquiry from investors regarding the mass production and certification of two-wheeled and low-speed three-wheeled 3C certified batteries [2]

公司回答表示：尊敬的投资者您好，公司暂无上述事项。 金融界8月4日消息，有投资者在互动平台向南都电源提问：公司有发行可转债提升融资做强主业的规划 吗？ ...

格隆汇8月4日丨南都电源(300068.SZ)在投资者互动平台表示，公司目前有固态电池相关技术及产品研 发储备。固态电池业务对2025 年度业绩不产生较大影响。 ...

Core Insights - Nandu Power (300068.SZ) has commenced mass production of its civilian lithium battery products and has entered the market for sales, serving customers [1] Company Summary - Nandu Power's civilian lithium battery products are now in mass production and available for market sales, indicating a significant step in the company's product development and market strategy [1]

格隆汇8月4日丨南都电源(300068.SZ)在投资者互动平台表示，公司目前积极的筹划香港上市的相关工 作与进程。 ...

Core Viewpoint - Anhui Province is a major hub for the new energy industry in China, particularly in the lithium battery sector, with numerous projects being launched continuously [1][15]. Group 1: Project Developments - The 20GWh power battery project in Anqing City, Anhui, has received approval for its first phase, with a total construction area of approximately 260,000 square meters and a maximum bidding limit of 10 million yuan [2]. - Anhui Shihua's 2GWh power and energy storage battery factory project has been approved, with a total investment of 330 million yuan, focusing on the production of 18650 and 21700 batteries [5]. - The first phase of the Xingchuan New Energy high-power battery project has been successfully launched in Hefei City, with a total investment of 2 billion yuan and plans for mass production of its first product by the end of the year [7]. - The Anhui Chengrui Energy battery recycling project is undergoing environmental assessment, with plans for phased construction focusing on battery reuse and recycling [8][9]. - The 5GWh energy storage system production line project by Anhui Shijiaheli has been completed, with a total investment of approximately 1.36 billion yuan [10]. - The second phase of the 4GWh energy storage battery project by Huatuo New Energy is in the equipment debugging phase, with a total investment of 2 billion yuan [11]. - The Steel Electric Technology micro steel shell lithium battery project has been launched with a total investment of 100 million yuan [12]. - A high-performance battery-grade polyimide film production project has been signed with a total investment of 1 billion yuan [13]. - The solid-state battery production base project by Dockettes has been established with an investment of 5 billion yuan [14]. Group 2: Industry Landscape - Anhui Province has a well-established layout in the new energy sector, particularly in lithium batteries, with a strong presence of companies across the entire supply chain from upstream materials to recycling [16][17]. - The province is recognized as a leading automotive manufacturing hub in China, producing 761,700 vehicles in Q1, which significantly drives the demand for lithium batteries [17]. - The province's new energy industry is supported by strong policies and a focus on technological innovation, with several local companies achieving significant revenue milestones [18]. - Anhui aims to achieve a cumulative installed capacity of new energy storage of no less than 3GW by 2025, reflecting a 14-fold increase compared to 2020 [18]. - The province's resource advantages, such as abundant quartz sand for photovoltaic glass production, further bolster its position in the new energy sector [18]. - With the acceleration of projects by major battery manufacturers and automotive companies, Anhui is poised to become a significant production base for new energy vehicles and energy storage, rivaling Jiangsu and Guangdong provinces [19].

Core Viewpoint - The implementation of the first mandatory national standard for energy storage in China, GB 44240-2024, marks a significant shift towards prioritizing safety in the energy storage industry, moving away from low-cost competition to a focus on quality and safety [2][10]. Group 1: Mandatory National Standard - GB 44240-2024, effective from August 1, 2024, is the first mandatory national standard for lithium-ion batteries used in energy storage systems, replacing the previous voluntary standard [2][4]. - This standard includes 23 rigorous safety tests, covering aspects such as vibration, impact, puncture, and forced discharge, ensuring higher safety requirements for energy storage batteries [2][4][6]. - The standard applies to various applications, including telecommunications, emergency lighting, and large-capacity energy storage systems [2]. Group 2: Shift from Low-Price Competition to Safety - The energy storage industry has been suffering from low-price competition, with average bidding prices for lithium battery storage systems dropping significantly, by 24% and 29.94% year-on-year for different categories [11]. - The introduction of GB 44240 is expected to act as a "ticket" for participation in domestic energy storage project tenders, leading to the elimination of non-compliant companies and accelerating industry consolidation [11][12]. - The focus on safety will compel companies to innovate and enhance product safety designs, potentially establishing GB 44240 as a reference for international standards, thereby increasing China's influence in the global energy storage market [12][13]. Group 3: Industry Transformation and Future Outlook - The year 2025 is anticipated to be a pivotal year for the Chinese energy storage industry, with various government initiatives aimed at addressing issues like patent infringement and market monopolies [12][13]. - The combination of the new mandatory standard and government policies is expected to shift the industry from price wars to a focus on technological competition, enhancing the overall quality of the energy storage sector [13]. - This transformation is likely to strengthen the global competitiveness of China's energy storage industry, reinforcing its position as a leader in the energy revolution [13].