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Yuanhang Genlead Energy Storage New recruit enters the fast lane of the industry

2023-07-11

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Affected by factors such as global climate change and the continuous consumption of non renewable fossil fuels, the global energy consumption structure is transitioning towards low-carbon. The international community is increasingly paying attention to issues such as ensuring energy security, protecting the ecological environment, and addressing climate change. Many countries have regarded renewable energy as a strategic high ground for the new generation of energy technology and an important new field for economic development.

The large-scale utilization of renewable energy and the clean and low-carbon development of conventional energy will be the basic trend of energy development. Energy storage has become the "reservoir" of the power system, which can stabilize fluctuations in clean energy generation, improve the absorption capacity of the power system, and will be matched with new energy generation systems under policy promotion, achieving large-scale application. From a global perspective of future new power systems, energy storage is an indispensable "essential" asset. This marks the official entry of the energy storage industry into the fast lane of development.


// Policy //

✅ October 2021

The Central Committee of the Communist Party of China and the State Council issued the "Opinions on Fully Implementing the New Development Concept and Doing a Good Job in Carbon Peaking and Carbon Neutrality", proposing to strive to achieve the 3060 dual carbon goals of carbon peaking before 2030 and carbon neutrality before 2060.


✅ 2023

The government regulatory authorities are making every effort to promote the large-scale application of energy storage.

Under the release of policy dividends, China's new energy storage industry has entered a stage of rapid growth. At the same time, technology, market, and policy systems have simultaneously entered a collaborative window period, which not only creates an excellent market environment for energy storage manufacturers, but also creates a broader new track and stage for the development of new energy storage in China.


✅ Latest GGII research data statistics

In 2022, the shipment volume of lithium energy storage batteries in China was 130GWh, with a year-on-year growth rate of 170%. The Zhongguancun Energy Storage Industry Technology Alliance (CNESA) predicts that the cumulative scale of new energy storage dominated by lithium batteries will reach 97.0 GW in 2027, with a compound annual growth rate of 49.3% from 2023 to 2027. Energy storage batteries have had a significant impact on the entire energy structure and will inevitably become a commodity in the coming years to promote global energy transformation.


// New recruits for long-range energy storage //

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✅ Technology creates value

With a clear direction, there is no fear of dangerous roads. As a new enterprise, Yuanhang Jinli relies on its affiliated company Ronghe Yuanchu to firmly establish itself in the field of energy storage batteries both domestically and internationally, and has launched a tough battle in the blue ocean energy storage market. In addition, in order to expand the sales market, accurately grasp market demand trends, and timely deliver customer orders, Far Eastern Jinli has fully introduced a lean system to ensure product quality and improve production efficiency. Based on the participation of all staff in improvement and talent cultivation, actions have been taken from research and development, manufacturing, supply chain, marketing, and other aspects to comprehensively enhance Far Eastern Jinli's market competitiveness.


✅ Innovation Achieves the Future

Seizing the high position leading the future and constantly innovating, Yuanhang Jinli has brought a strong shock to the energy storage market. We adhere to the principle of creating and winning the future with intelligence, and enhance our confidence in innovation that meets and approaches the future.


Yuanhang Jinli has a latecomer advantage in production capacity, and the large amount of production capacity formed in the past has become a tasteless chicken rib through technological iteration; Under the impetus of reducing production capacity construction costs, outdated production capacity and high depreciation costs have become increasingly heavy, like an elephant turning around and struggling to move forward. As a new recruit, Far Eastern Jinli has not engaged in disorderly capacity expansion and has no heavy burden of outdated production capacity. As of now, the automation rate of Yuanhang Jinli Intelligent Factory has reached over 90%, the product yield rate has reached 95%, the energy consumption per unit output value has decreased by 16.3% compared to peers of the same level, the comprehensive efficiency has been optimized by 80.1%, the information coverage rate is 82.2%, and the business process efficiency has increased by 31.6%. The YHJL280Ah energy storage specialized battery cell produced by Yuanhang Jinli has the advantages of high safety, long lifespan, low cost, and high energy efficiency. It has a cycle life of 10000+cycles, an energy efficiency of 95%, and a 10% reduction in heating power consumption. This product supports air-cooled and liquid cooled energy storage systems and is suitable for application scenarios such as power generation, power grid, and industrial and commercial energy storage. In addition to YHJL280Ah, Yuanhang Jinli also has YHJL302Ah, YHJL305Ah (power), YHJL320Ah and other models, all of which have advantages such as high safety, long life, high energy, high efficiency, and low cost.


✅ Summarize and fill in loopholes

The future is a continuation of the present and a reflection of history. Challenging efficiency and achieving "PPB" is the short-term goal of Yuanhang Jinli. In terms of energy conservation and efficiency improvement, various departments are working together to strive for a 50% reduction in manufacturing costs, a 30% reduction in unit energy consumption, and a 40% increase in personnel efficiency, becoming an industry benchmark. In terms of product delivery, Far Eastern Jinli has been moving towards zero defects, achieving PPB level after-sales quality, and establishing and operating a unique and comprehensive quality and operation system for Far Eastern Jinli.


We have reason to believe that an efficient organizational structure, refined resource integration, precise product definition, and continuous improvement in service capabilities will help Far Eastern Jinli build its own core barriers and create a unique competitive advantage, adding a significant contribution to the global energy transformation.

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