China Electric Equipment Group Energy Storage Technology Co., Ltd. (hereinafter referred to as "China Electric Equipment Energy Storage") is a holding subsidiary of China Electric Equipment Group. It was held by Xuchang Xujidian Technology Energy Storage Technology Co., Ltd. (hereinafter referred to as " Xu Jidian Energy Storage”), Pinggao Group Energy Storage Technology Co., Ltd. (referred to as "Pinggao Energy Storage Technology"), and Shandong Electrical Times Energy Technology Co., Ltd. (referred to as "Shandong Electrical Times") were integrated and reorganized. The registered capital is 2 billion yuan, and its registered address is Jing'an District, Shanghai. ChinaDianShip Energy Storage will rely on the layout of "one center, multiple bases" and "one brand, multiple subjects" to build an energy storage industry innovation center and intelligent manufacturing center of central enterprises, promote the development of new energy storage technologies to industrialization, quickly improve comprehensive strength, and drive storage. The energy industry is moving towards a world-class level.

China Electric Energy Storage has the development goal of building a leading enterprise in the energy storage business of central enterprises. It is committed to developing efficient new energy storage technology equipment for the entire energy storage technology route and the entire industrial chain, and creating a flagship brand of China's electrical equipment energy storage. Core businesses include energy storage technology research and development, technical consultation and services; energy storage facilities and equipment research and development, production and manufacturing, sales, operation and maintenance, inspection and testing; energy storage project technical consultation, equipment complete sets, installation and debugging, engineering construction, general contracting and investment Operations, etc.