Energy sector companies report battery production progress and solar financial shifts

Several companies in the battery and photovoltaic sectors are reporting significant operational updates and financial shifts. Guoke Energy has reached a milestone in its 30GWh new energy battery production base in Gansu Province, with the Phase I substation and transmission line project successfully energized. The total investment for this three-phase project is 9 billion RMB, focusing on lithium iron phosphate (LFP) energy storage battery cells.

Sichuan Chuanhong New Energy has also entered the equipment commissioning stage for its 10GWh lithium-ion battery production base, representing a 1.5 billion RMB investment. Meanwhile, in the solar sector, Daqo Energy reported a significant financial decline for the first half of 2026. The company recorded a net loss of 1.595 billion RMB, driven by weak market demand, price bargaining across the industrial chain, and a 1.026 billion RMB inventory impairment provision. Despite the losses, Daqo Energy is expanding into the smart energy sector with a planned 6 billion RMB investment in a new manufacturing base for energy storage systems.

Other companies, including LG Energy Solution, Tesla, and DMEGC, are also noted for recent milestones or financial releases within the energy and battery industries.