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Acme International Holdings Limited ( (HK:1870) ) has issued an announcement.
Acme International Holdings Limited announced that its wholly owned subsidiary, Lechang Green Energy Storage Technology, has secured inclusion of its 218 MW/436 MWh electrochemical independent energy storage project in Shaoguan, Guangdong, in the provincial 2025 new energy storage construction plan and obtained formal grid-connection approval from Guangdong Power Grid. The project, which uses lithium iron phosphate battery cells and connects directly to the 220 kV regional backbone grid, has completed key preparatory milestones including project filing, site selection consultations, feasibility and grid-connection studies, marking its transition into a substantive implementation phase with enhanced transmission capacity and operational stability. Management expects the project to diversify the group’s revenue base by tapping into electricity energy markets, ancillary services and potential future capacity compensation, while adoption of advanced solid-state and semi-solid-state battery technologies is intended to lower lifecycle costs, improve efficiency and extend battery life, thereby strengthening Acme’s competitive position in China’s rapidly evolving energy storage sector and supporting its long-term growth strategy aligned with national “dual-carbon” goals.
The most recent analyst rating on (HK:1870) stock is a Hold with a HK$0.53 price target. To see the full list of analyst forecasts on Acme International Holdings Limited stock, see the HK:1870 Stock Forecast page.
More about Acme International Holdings Limited
Acme International Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries in the new energy infrastructure space, with a growing focus on grid-side independent energy storage projects in mainland China. The group is positioning itself to capture opportunities arising from China’s energy transition and power market reforms, particularly in large-scale electrochemical storage using lithium iron phosphate battery technology.
Average Trading Volume: 4,481,737
Technical Sentiment Signal: Hold
Current Market Cap: HK$539.1M
See more data about 1870 stock on TipRanks’ Stock Analysis page.