Core Viewpoint - The company has signed a strategic cooperation memorandum with Indonesia's Bakrie & Brothers Group to promote green energy applications in Indonesia, aiming to deliver over 3,000 electric buses and trucks by 2025 [1] Group 1: Strategic Partnerships - The partnership with Bakrie & Brothers will focus on the entire manufacturing process for commercial vehicles, including battery assembly and vehicle testing [1] - The company plans to establish a battery factory in Indonesia, with an expected annual production capacity of 8GWh for power and energy storage batteries [2] - A recent order signing will enhance local project mass production and strengthen the company's business in Southeast Asia [3] Group 2: Product Development - The company has upgraded its 324Ah product to the "Yuexing 324Ah Pro" version, improving energy density and cycle life [3] - The new "S box battery cluster" paired with the Yuexing 324Ah Pro version has an energy density of 145Wh/Kg and a design life of 8 years or 2 million kilometers [3] Group 3: Global Expansion - The company has secured approximately 40GWh of orders from overseas giants in 2023, indicating strong demand for its products [5] - A strategic cooperation memorandum was signed with South Korea's Hyosung Heavy Industries to supply 2.5GWh of energy storage products [5] - The company is actively expanding its international market presence with subsidiaries in Europe, the US, and Southeast Asia, and plans to establish production facilities in Europe and South America [6]

Core Viewpoint - The commercial energy storage market remains active with significant orders exceeding 8GWh, highlighting the ongoing growth and opportunities in the sector [12]. Group 1: Company Orders and Collaborations - Jinko Energy signed a strategic cooperation agreement with Meike Energy for a total of 100MWh, contributing to a total of 350MWh in new orders [2]. - Meike Energy's total signed contracts in commercial storage have surpassed 1.5GWh, covering various industries including steel, textiles, and new materials [4]. - Jinko Energy has also secured important overseas orders in Greece and Germany, totaling 250MWh, with plans for delivery by November 2025 [5]. - Ruipu Lanjun signed a cooperation agreement with Korea's Hyosung Heavy Industries to supply a 2.5GWh energy storage system, focusing on global strategic framework development [6][8]. - LG Energy Solution Vertech has partnered with OCI Energy LLC and CPS Energy to develop a 120MW/480MWh battery storage system in Texas, expected to be operational by 2027 [9][11]. Group 2: Market Trends and Implications - The recent surge in orders indicates a significant turning point for the commercial energy storage sector, with over 15GWh of orders being reported [13].