At 8:18 am on July 27, 2022, Ritar Group's Ruiqi 4 million kVA-hour OPzV solid-state lead-carbon battery project was grandly started in Songmu Economic Development Zone, Hengyang, Hunan!

With the rapid development of high-tech technologies such as cloud computing, big data, and the Internet of Things, "carbon peak and carbon neutrality" have become national strategic goals, and the future prospects of the energy storage market are broad. In order to seize this market opportunity, in June 2022, Ritar Group invested 800 million yuan to build the Ruiqi New Energy OPzV Solid-State Lead-Carbon Battery Industrial Park in Songmu Economic Development Zone, and officially started construction on July 27. The project is expected to be completed and put into production in early 2023. After reaching full production, it is expected to achieve an annual output value of 4 billion yuan and an annual tax revenue of 200 million yuan. The start of construction of this project marks the further implementation of Ritar Group's investment and development plan in Hengyang, and it is also an important manifestation of promoting the rapid development of Ritar Group in Hengyang and realizing industrial clusters and doubling on the spot.

Under the dual carbon strategy, the energy storage power supply market will usher in a trillion-dollar market. Ritar Group is accelerating the layout and development of the new energy storage industry by relying on its advantages in technology, products and industrial chain. Ritar Group plans to invest 20 billion in OPzV solid-state lead-carbon batteries for energy storage within five years, and strive to build a leading OPzV solid-state lead-carbon battery company under the dual carbon strategy, and strive to build Hengyang Ritar into a trillion-dollar energy storage battery production base and a trillion-dollar energy storage power station integration base within ten years, and create a world-class "double trillion-dollar safe new energy storage capital".

The commencement of construction of Rich New Energy OPzV solid-state lead-carbon battery industrial park is an important part of the steady advancement of Ritar Group's energy storage strategic layout.