Core Viewpoint - The strategic partnership between Haichen Energy 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 global energy transition [1][2]. Group 1: Strategic Cooperation - The collaboration is driven by the increasing demand for large-capacity energy storage systems, which are essential for building a new power system and improving renewable energy consumption [2]. - The partnership will extend beyond the supply of energy storage products to include smart storage, commercial storage, shared storage, and distributed storage, exploring innovative solutions and business models [2]. Group 2: Product Development - Haichen Energy's ∞Cell 587Ah has achieved early market entry, with mass production starting in August 2025, and has successfully delivered to CRRC Zhuzhou for large-scale projects, validating its reliability and delivery capabilities [3]. - The ∞Cell 1175Ah battery, set to be mass-produced by June 2025, will further enhance the collaboration, providing a differentiated product matrix that meets diverse energy storage needs [4]. Group 3: Industry Ecosystem - The partnership encompasses a full-chain solution from energy storage cells to system integration and end-user applications, aiming to promote large-capacity storage in various scenarios through technological innovation and large-scale application [5]. - This collaboration marks a significant step towards high-quality development in China's energy storage industry, contributing to the construction of a new power system and supporting global energy transition efforts [5].

Core Viewpoint - The long-duration energy storage sector is expected to accelerate expansion, with a projected global market size exceeding $223 billion (approximately 1.59 trillion RMB) by 2044 as renewable energy's share in the energy structure rises to 15%-20% [1]. Group 1: Industry Trends - The traditional 314Ah battery solution requires over 1 million cells for a 1GWh storage station, leading to high integration complexity, cost control difficulties, and safety reliability issues, necessitating specialized technological breakthroughs [2]. - The global energy storage market is shifting from being "policy-driven" to "value-driven," where product iteration speed directly influences manufacturers' survival [6]. - The market saw a surge in investment in energy storage projects, with 26 projects initiated in 2022, totaling over 300 billion RMB [5]. Group 2: Company Developments - Haicheng Energy Storage launched the 1175Ah dedicated battery, which addresses the specific needs of long-duration storage, marking a transition from "general products" to "scene customization" [3]. - The evolution from 280Ah to 587Ah and 1175Ah batteries reflects a "R&D-product-scene" closed loop, showcasing Haicheng's strategic foresight and commitment to long-term value through continuous R&D investment [10]. - Haicheng Energy Storage has filed over 3,900 patents globally, with more than 690 invention patents authorized, establishing a comprehensive intellectual property network across key markets [13]. Group 3: Technological Innovations - The 1175Ah battery, designed for 4-hour-plus scenarios, represents a significant advancement in energy storage technology, enabling a shift from conceptual designs to practical solutions [14]. - Haicheng's focus on independent R&D has led to breakthroughs in safety, efficiency, consistency, lifespan, and cost, forming a unique technological ecosystem [12]. - The company has developed a multi-dimensional patent combination to mitigate intellectual property infringement risks, particularly in the large-capacity cell sector [17].