Core Viewpoint - The article discusses the growth and strategic positioning of the company in the energy storage sector, highlighting significant order volumes, domestic and international market expansion, and profitability outlook. Group 1: Orders and Capacity - The company has secured orders totaling 35 GWh for 2025, with a projected delivery capacity of 30 GWh. The target is to ship 70 GWh in 2026 (including 10 GWh for overseas), 100 GWh in 2027, and 120-130 GWh in 2028, aiming for a cumulative installation of 300 GWh over three years (200 GWh for domestic independent storage and 100 GWh for overseas and domestic smaller projects) [1] - Domestic demand is expected to exceed previous storage installation guidelines, with an anticipated addition of 150 GW/600 GWh of storage by 2027 due to new policies. The company estimates that Inner Mongolia and Gansu will have plans for 150-160 GWh and 80-100 GWh respectively, while Shandong, Shanxi, and Hebei are projected to be around 100 GWh [1] Group 2: International Business Progress - Current projects are primarily in Europe and Southeast Asia, with a positive outlook for North America. The company expects to deliver several hundred MWh in the U.S. in 2025, with ongoing negotiations for several GWh projects [1] Group 3: Profitability and Pricing - The decline in unit prices in Q2 was mainly due to an increase in the proportion of centralized procurement. However, the company anticipates a price recovery in Q3 and Q4 as the share of market-based power stations increases [1] Group 4: Domestic Strategy - The company believes that the core of storage revenue lies in strategic nodes. It is currently focused on rapidly acquiring prime substation locations to build barriers through quality nodes and power trading, with an expected operational and trading storage scale of 20 GWh by the end of 2025 [2] Group 5: Industry Chain Layout - By 2025, the company plans to self-supply 1 GW of PCS, increasing to 10 GW by 2026. It is also involved in the research and development of battery cells and has recently partnered with Huawei to define a new specification for battery cells to be announced at a U.S. exhibition [2]

Core Viewpoint - The company anticipates significant growth in the energy storage market, with projected orders and capacity deliveries indicating a robust expansion trajectory through 2028 [1][10]. Group 1: Orders and Projects - The company has secured orders totaling 35 GWh for 2025, with an expected delivery capacity of 30 GWh due to production constraints. The target is to ship 70 GWh in 2026 (including 10 GWh for overseas markets), 100 GWh in 2027, and 120-130 GWh in 2028, leading to a cumulative installation of 300 GWh over three years [1]. - Domestic demand is projected to exceed previous storage planning guidelines, with an expected addition of 150 GW/600 GWh of storage by 2027, significantly surpassing national targets [1]. Group 2: Domestic Strategy - The company is focusing on securing high-quality substation nodes in China to enhance storage revenue, aiming to establish barriers through premium nodes and power trading. By the end of 2025, the operational and trading storage scale is expected to reach 20 GWh [1]. Group 3: Overseas Business Progress - Current overseas projects are primarily in Europe and Southeast Asia, with optimistic projections for North America. The company anticipates delivering several hundred MWh in the U.S. in 2025, with ongoing negotiations for several GWh of projects [1]. Group 4: Industry Chain Layout - The company plans to self-supply 1 GW of PCS in 2025 and 10 GW in 2026, while also participating in the development of battery cells. A recent collaboration with Huawei aims to define a new specification for battery cells, which will be announced at an upcoming exhibition in the U.S. [2].