Recently, Narada subsidiary Narada Energy signed the "200MW/200MWh Energy Storage System Reserve Project Procurement Contract" with a subsidiary of Konka Group, the supply mainly consists of lithium battery energy storage system, and the contract amount is about RMB 212 million (including tax).

As a leader in the energy storage industry, Narada has accumulated brand, channel and technology advantages in the fields of new electric power energy storage and industrial energy storage over the years, and has formed an integrated capability in the energy storage industry from cell products, system integration, operation and maintenance services to renewable resources, and has completed the integrated layout of global sales and services, which has been recognized by the global industry as well as domestic and international customers.

This contract signing is the result of Narada's accumulated strengths in the field of energy storage over the years.

At present, Narada independently develops lithium-ion energy storage systems with the characteristics of modularity, standardization, rapidity, low cost and high safety. In addition, it is easy and fast to transport, and has the ability to efficiently supply and deliver from battery PACK system to battery pre-fabricated cabin system, and then to complete equipment of energy storage system.

The project will have a positive impact on Narada's future expansion of its new power storage business and results of operations.