BYD Energy Storage Signs Poland's Largest 600MW/2.4GWh Project; CSPC Partners with AstraZeneca on siRNA Therapeutics for Kidney Diseases

BYDEnergy Storage Signs 600MW/2.4GWh Energy Storage Project in Poland

During an investor survey, BYD announced that BYD Energy Storage has signed a cooperation agreement with Greenvolt Power to jointly develop the Siedlce energy storage project in Poland. With a total capacity of 600MW/2.4GWh, the project will become the largest battery energy storage system (BESS) in Poland upon completion. BYD Energy Storage will provide its leading BYD Haohan energy storage system for this project, featuring the world’s largest 2710Ah Blade Battery specifically designed for energy storage applications.

CSPC and AstraZeneca Reach Global Collaboration on Small Nucleic Acid Drugs

CSPC announced that the company has entered into a collaboration, option, and license agreement with AstraZeneca, under which both parties will jointly develop small interfering RNA (siRNA) candidate drugs targeting two kidney disease-related targets. Under the terms of the agreement, CSPC will receive an upfront payment of USD 30 million and is eligible to receive up to USD 540 million in research and development milestone payments, up to USD 1.2 billion in sales milestone payments, as well as tiered royalties based on product sales. AstraZeneca holds the option to obtain exclusive global or ex-China rights for the development, manufacturing, and commercialization of the relevant products.

JD.com's Acquisition of Germany's Ceconomy Receives Conditional Approval

According to Global Times, the German Federal Ministry for Economic Affairs and Energy has recently approved JD.com’s €2.2 billion acquisition of Ceconomy, a German consumer electronics retail group, subject to conditions including data security safeguards. Under the German government’s requirements, JD.com must ensure the protection of personal data of Ceconomy’s customers in Germany. Furthermore, the German government has secured extensive oversight and control rights, retaining the authority to revoke the approval should any violations occur in the future.

Jinko Energy Storage Signs 400 MWh Energy Storage Project in Eastern Europe

JinkoSolarJinko Storage, a subsidiary, announced that it has signed a cooperation agreement with clean energy developer Taliva Energy during the Intersolar Europe exhibition in Munich, Germany. The two parties will collaborate to construct large-scale energy storage system projects with a total capacity of 400 MWh in Eastern Europe.

Geely Auto's Overseas Sales Exceed 100,000 Units in June

Geely Auto released data showing that overseas sales in June reached 103,000 units, a year-on-year increase of 157% and a month-on-month increase of 21%. In the first half of this year, cumulative exports totaled 474,000 units, up 158% year on year, with new energy vehicles accounting for 58% of export volume.

Great Wall MotorOverseas Sales Volume in June Increased by 50% Year-on-Year

Great Wall Motor Announces June New Vehicle Sales of 108,100 Units, with Overseas Sales Up 50.16% Year-on-Year; Cumulative Sales in the First Half of the Year Reached 583,900 Units, a 2.48% Year-on-Year Increase

Xin Yan Co., Ltd.Signing of Agricultural Machinery Procurement Cooperation Agreement with Uzbekistan

Xinyan Shares announced that during the Eurasia Expo, the company and its subsidiary, Xinjiang Xinyan Moshen Technology Co., Ltd., signed a procurement cooperation agreement for agricultural and pastoral machinery with VET MALHAM LLC of Uzbekistan. The two parties will establish stable cross-border channels for the purchase and sale of agricultural machinery, further expand into the Central Asian market, and promote the company’s international market layout and exports of agricultural machinery equipment.

Bank of ChinaImplementation of Cross-Border RMB Loan Projects in Uzbekistan

Bank of China Announces Completion of Five-Year Cross-Border RMB Loan Project for Uzbekistan’s Telecommunications Sector in Collaboration with the Asian Infrastructure Investment Bank, with Total Financing Exceeding RMB 700 Million. The Entire Project Was Settled in Renminbi, Further Expanding the Application of RMB in Cross-Border Financing and Settlement Scenarios in Central Asia.

COMAC Showcases C909 at Kazakhstan Exhibition

COMAC Makes Debut at the 21st Kazakhstan-China Commodity Exhibition. The C909 medical aircraft flew to Almaty International Airport for the first time for static display, alongside models and derivative products of the C909 firefighting aircraft. COMAC stated that it will continue to deepen exchanges with partners in Central Asia and expand the international application scenarios of Chinese commercial aircraft.