Core Viewpoint - The article highlights the collaboration between Hai Chen Energy and CRRC Zhuzhou Institute, focusing on the supply of 120GWh of energy storage products and the development of advanced energy storage technologies, which is expected to significantly impact the global energy storage market. Group 1: Event Information - The 2025 (10th) Starting Point Lithium Battery Industry Annual Conference and Lithium Battery Golden Ding Award Ceremony will be held on December 18-19, 2025, at the Venus Royal Hotel in Shenzhen [2] - The event will feature over 1200 offline participants and 30,000 online viewers, showcasing the importance of the lithium battery and energy storage sectors [2] Group 2: Partnership Details - Hai Chen Energy signed a cooperation agreement with CRRC Zhuzhou Institute on December 5, 2025, to supply a minimum of 120GWh of energy storage products from 2026 to 2030 [3] - The partnership will focus on various energy storage applications, including smart storage, commercial storage, shared storage, and distributed storage [4] Group 3: Market Position and Growth - In 2024, global energy storage system shipments are projected to reach 418.3GWh, a 92.7% increase year-on-year, with CRRC Zhuzhou Institute ranked third globally in shipments [4] - Hai Chen Energy is also positioned third in global energy storage lithium battery shipments, with a cumulative shipment exceeding 100GWh by August 2025 [4] Group 4: Technological Advancements - The ∞Cell series, particularly the ∞Cell 1175Ah and ∞Cell 587Ah batteries, are key products in the partnership, designed for long-duration energy storage and sharing a common system architecture to reduce costs [5][6] - The ∞Cell 587Ah battery was launched in 2024 and achieved mass production by August 2025, while the ∞Cell 1175Ah battery, the world's first mass-produced single-cell energy storage battery over 1000Ah, began production in June 2025 [6] Group 5: Financial Performance - Hai Chen Energy reported a revenue increase of 224.6% year-on-year in the first half of 2025, reaching 6.971 billion yuan, with a net profit of 213 million yuan and a gross margin of 13.1% [8] - The company has over 44.5GWh in total orders as of November 2025, with long-duration storage projects accounting for 70% of the orders [8] Group 6: Future Outlook - The successful listing of Hai Chen Energy on the Hong Kong Stock Exchange is anticipated to further strengthen its position in the global energy storage industry [9]

Core Viewpoint - The strategic partnership between Haicheng Energy Storage and CRRC Zhuzhou Electric Locomotive Research Institute aims to supply a minimum of 120GWh of energy storage products during the 14th Five-Year Plan period (2026-2030), enhancing the development of the energy storage industry and accelerating the global energy transition [2][10]. Group 1: Strategic Cooperation - The collaboration is driven by the explosive growth in demand for large-capacity energy storage systems, which are essential for building a new power system and improving renewable energy absorption [3]. - The partnership will extend beyond product supply to include various energy storage scenarios such as smart storage, commercial storage, shared storage, and distributed storage, focusing on high safety, high efficiency, and long lifespan solutions [3]. Group 2: Product Development and Market Position - Haicheng Energy Storage's ∞Cell 587Ah has achieved early market entry, with mass production starting in August 2025, and has successfully delivered to CRRC Zhuzhou's new generation 6.25MWh battery module for large-scale projects [5]. - The ∞Cell 1175Ah battery, a cornerstone of the 120GWh cooperation, is set for mass production in June 2025, with the first batch of long-duration storage systems delivered in October 2025, marking its entry into large-scale application [7]. Group 3: Comprehensive Solutions and Industry Impact - The cooperation encompasses a full-chain solution from energy cells to system integration and end-use applications, aiming to expand the market through deep collaboration and technological innovation [8]. - This partnership signifies a new starting point for both companies, contributing to the high-quality development of China's energy storage industry and supporting the construction of a new power system [10].

Core Insights - The energy storage industry is experiencing a shift towards long-duration energy storage solutions, with companies like Hai Chen Energy focusing exclusively on energy storage since their inception [1][3][4] - Hai Chen Energy has achieved significant milestones, including the production of its 100GWh product and a rise in global shipment rankings from fifth to second place in the first half of 2023 [1][3] - The market dynamics are changing, with increased demand for energy storage solutions and a notable rise in orders for companies like Hai Chen Energy, which has maintained full production capacity since March 2023 [5][6] Industry Trends - The Chinese energy storage market is projected to have a planned production capacity exceeding 1000GWh by 2024, but actual shipments are only around 300GWh, indicating a low utilization rate of approximately 35% [1] - Recent policy changes have impacted the investment landscape for energy storage, with previous restrictions on grid-side energy storage projects leading to a stagnation in investment [2][3] - The National Energy Administration's recent guidelines emphasize the importance of long-duration energy storage technology, indicating a strategic shift in focus for the industry [3][4] Company Developments - Hai Chen Energy has launched innovative products, including the world's first 1000Ah long-duration energy storage battery, and plans to rapidly upgrade its offerings [4][5] - The company has adopted a localized operational strategy, which has resulted in a significant increase in overseas revenue from 1% to 28.6%, with a gross margin exceeding 40% [6] - Other major players in the industry, such as CATL and EVE Energy, are also ramping up their efforts in long-duration energy storage, reflecting a broader trend in the market [4][5] Market Dynamics - The global energy storage market saw a 97% year-on-year increase in shipments in the first half of 2025, highlighting the growing demand for energy storage solutions [6] - Companies are transitioning from merely selling products to providing comprehensive solutions, including project design and financial services, to meet the evolving needs of international clients [7] - The current phase of energy storage development is likened to the growth of the power battery sector in 2016-2017, driven by expanding application scenarios and decreasing costs [5]