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China Power affiliate Xinyuan Smart Storage wins BESS supply deal worth RMB 114.74 million
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China Power affiliate Xinyuan Smart Storage wins BESS supply deal worth RMB 114.74 million
  • China Power International Development’s non-wholly owned subsidiary Xinyuan Smart Storage won a BESS supply contract for the Hamibei project.
  • Deal value RMB 114.74 million, covering equipment supply and related services for a 100MW/200MWh energy storage project.
  • Counterparty Xinjiang Shengyuan is ultimately controlled by SPIC, making the contract a connected transaction under Hong Kong listing rules.
  • Payment staged: 10% deposit, 20% materials, 30% delivery, 30% commissioning acceptance, 10% warranty after one year.
  • Xinyuan Smart Storage separately agreed to buy battery cells from Guoning Technology for RMB 74.29 million under tender requirements.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Power International Development Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260814-12285167), on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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