Nandu Power: Accelerating Growth in the Energy Storage Market

Nandu Power stated during institutional research on October 29th that with the strategic layout of large-scale integration of renewable energy and improved energy security in various countries, the growth of the energy storage market is accelerating. Currently, the company has approximately 8.9 billion yuan in outstanding orders. Among them, the outstanding orders for large-scale energy storage are approximately 5.5 billion yuan, with 4 billion yuan in domestic orders and 1.5 billion yuan in overseas orders; the orders for lithium batteries for data centers are approximately 1.67 billion yuan, all of which are overseas orders; the exploration of the civil lithium battery product market has been very successful, with approximately 380 million yuan in outstanding orders; there are about 470 million yuan in orders for communication lithium batteries, with a relatively small proportion being overseas orders; and lead-acid batteries amount to 790 million yuan, mainly from domestic orders. Currently, the main sources of the company's overseas orders for large-scale energy storage come from countries and regions such as Australia, Europe, and the UK.