Core Viewpoint - 中创新航 has entered into a joint venture agreement with Handan City Investment Group and Handan City Urban Operation Group to establish a new company with a registered capital of RMB 4 billion, marking a significant strategic move in its business expansion [6][7]. Group 1: Joint Venture Agreement - The joint venture will have a registered capital of RMB 4 billion, with 中创新航 holding 60% and contributing RMB 2.4 billion, while the Handan parties will hold 40% and contribute RMB 1.6 billion [6]. - The new company will be considered a subsidiary of 中创新航, and its financial performance will be consolidated into the group's financial statements [6]. Group 2: Recent Developments - On May 24, 中创新航 announced its involvement in the large-scale solar-storage integrated project in Latin America, specifically the Chile Tarapacá Aurora project, which is expected to deliver 600 GWh of renewable electricity annually [7]. - This project is one of the largest solar-storage projects in Latin America and aims to meet the annual electricity needs of 200,000 households, serving as a benchmark for energy transition in Chile [7]. - The project utilizes 中创新航's 314Ah Gen2.0 energy storage cells, which were first showcased at the 2025 Munich Energy Storage Exhibition, highlighting the company's global technology integration [7].

Core Viewpoint - The article highlights the collaboration between China Innovation Aviation and the Aurora project in Chile, which is a significant step in the renewable energy sector, showcasing advancements in energy storage technology and the transition of Chinese companies from equipment suppliers to energy solution providers [1][3]. Group 1: Project Overview - The Aurora project is set to deliver 600 GWh of renewable electricity annually, sufficient to power 200,000 households in Chile, marking it as one of the largest solar-storage projects in Latin America [2]. - The project consists of a 220 MWdc solar power plant and a 1 GWh energy storage system, aimed at providing carbon-free electricity year-round [2]. Group 2: Technology and Performance - China Innovation Aviation's "Zhijiu Battery Technology" enables long cycle life, high efficiency, and safety, with battery cycles exceeding 15,000 and a capacity degradation rate of less than 1.5% for the first 1,000 cycles [2]. - The energy storage system's levelized cost of storage (LCOS) is 20% lower than the industry average, providing long-term certainty in returns for investors [2]. Group 3: Strategic Implications - The 314Ah Gen2.0 energy storage cell, launched at the 2025 Munich Energy Storage Exhibition, is designed for high-altitude and high-radiation environments, and has received EU CE certification [3]. - The successful delivery of the Aurora project reinforces China Innovation Aviation's position among the top five global energy storage battery manufacturers and facilitates entry into energy markets in Chile, Brazil, and potentially Peru and Argentina [3]. - The project exemplifies the shift of the Chinese energy storage industry towards providing comprehensive energy solutions, emphasizing a strategy that integrates technology, standards, and ecosystem development [3].