China Power International Development (HKG:2380) agreed to supply fully‑integrated battery energy storage systems to ultimate controlling shareholder, State Power Investment Group.
Xinyuan Smart Storage, a unit of the company, agreed to acquire energy storage battery cells from State Power Investment unit Guoning Technology on the same day, a Friday bourse filing showed.
The battery cells will be used in the provision of battery energy storage systems services to State Power Investment.
Both agreements are valid till Dec. 31, 2028.
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