On August 24, the 'Notice of Proposed Winner for Jingye Group New Energy's 1 GWh Sodium/Lithium-Compatible Battery Line Front-End Equipment Procurement and Installation' disclosed that Foshan JinYinhe Intelligent Equipment Co., Ltd. (300619.SZ) was named the proposed winner with a contract value of RMB 39.80 million. The project covers the front-end equipment of a 1 GWh sodium/lithium-compatible cell production line, designed to switch between sodium-ion and lithium-ion product lines, including key electrode manufacturing steps such as electrode coating, calendering and slitting, with JinYinhe responsible for equipment supply and on-site installation and commissioning.
Jingye Group is a privately-held enterprise headquartered in Pingshan County, Shijiazhuang City, Hebei Province, ranked in the Fortune Global 500. Its main business is steel (2025 revenue approximately RMB 368.6 billion, Hebei's largest privately-held enterprise), and it has expanded into steel deep-processing, new energy, 3D printing, international trade, healthcare and tourism. Its subsidiary Hebei Jingye New Energy Technology Co., Ltd. Focuses on the PV + energy storage cabinet business (offering LFP-261 kWh / LFP-417 kWh commercial storage cabinets and a 5 MWh liquid-cooling containerized storage system), and since August 2025 it has promoted the development of African new energy markets. The new 1 GWh sodium/lithium-compatible battery line represents Jingye Group's first disclosed entry into the battery cell manufacturing segment, undertaken by its PV + storage business platform. JinYinhe is a domestic lithium-ion/sodium-ion front-end equipment supplier whose main business is lithium-ion battery equipment (2025 main business mix: lithium-ion battery equipment 56.91%, organic silicon products 14.22%, etc.), and it has also expanded into solid-state/sodium-ion battery equipment business.
(i) The 'proposed winner notice' does not equal a formal contract — the publication is a public-notice stage, and the final award must be confirmed by Jingye Group/bidding platform formal publication and contract execution. (ii) The 'sodium/lithium-compatible line' means the production line has the capability to switch between sodium-ion and lithium-ion products, but the project's sodium/lithium capacity allocation, sodium-ion cell type (layered oxide/polyanionic/Prussian blue), and application scenario (energy storage/low-speed vehicle/commercial vehicle) have not been disclosed; the allocation has not been disclosed.
(iii) Jingye Group's entry into battery cell manufacturing as Hebei's largest privately-held steelmaker is a typical case of industrial capital diversification, but RMB 39.80 million represents only the front-end equipment procurement, which is a small amount relative to the total investment of a 1 GWh-class production line (for reference, GWh-class sodium-ion production lines at CATL/EVE typically require hundreds of millions to billions of RMB); whether the main engineering/civil/factory investments will be subsequently disclosed remains a key observation point. (iv) If JinYinhe issues a formal bid-winning announcement (cninfo T1) it would further confirm the event; the third-party Qichacha/Tongbi Finance data is currently traceable.