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INNER MONGOLIA ZHONGTONG ENERGY COMPANY

Inner Mongolia Zhongtong Energy Company, a subsidiary of China People's
Industrial Group, officially set sail in December 2023. The company's major
project for manufacturing 10GW energy storage battery equipment is located in
the strategic location of Kundulun District, Baotou City, Inner Mongolia
Autonomous Region, an important industrial town in northern China. The
planned total land area of the project is about 500 acres, with a total investment
of 3 billion yuan, demonstrating its strong determination and strong strength in
the field of new energy.
After the completion of this project, it is expected to achieve an annual output
value of about 10 billion yuan in economic benefits, and is expected to achieve
an annual tax contribution of about 350 million yuan for full production. The
core content includes the construction of an advanced fully automated
production line for a 10GW annual production of composite metal colloid energy
storage systems, as well as a series of supporting efficient auxiliary facilities,
aiming to build a modern energy storage system industrial park that integrates
research and development, production, and application.
The industrial park aims to promote the rapid rise and agglomeration of the
energy storage industry, and is committed to becoming a key strategic pivot in
the regional and even national energy storage industry chain. By integrating
upstream and downstream resources and optimizing industrial structure, Inner
Mongolia Zhongtong Energy Company will further improve and enhance the
overall competitiveness of the energy storage industry chain, and help China's
national strategic layout for energy transformation and sustainable development.

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