Zhitong Finance App News, Tonghe Technology (300491.SZ) issued an announcement. In order to meet the needs of the company's medium- to long-term development strategy, accelerate production capacity and technological innovation, and enhance the company's profitability, the company plans to sign the “Computing Power and Energy Storage Integrated Intelligent Complete Power Supply Equipment Industrialization Project Entry Agreement” (hereinafter referred to as the “Zone Entry Agreement”) with the Shijiazhuang High-tech Zone Science and Technology Entrepreneurship Park Management Office. The company plans to invest in the construction of intelligent complete power supply equipment industrialization projects with integrated computing power and energy storage in the Shijiazhuang High-tech Industrial Development Zone (including but not limited to R&D and production projects for power supply and distribution systems and modules for data centers (Phase II), new energy storage system industrialization projects, and intelligent integrated power system industrialization projects). The proposed land acquisition area for the project is about 100 mu, with a total investment of 1,02.5 billion yuan.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.