2024 / 11 / 25
LEI Partners with Autosmart International Co., Ltd to Invest in 99.9MW Energy Storage Project and Expand into European EV Charging Station Market
LEI announced that its subsidiary,
LEI New Energy, has signed a memorandum of understanding with
Autosmart International Co., Ltd to jointly invest in a
99.9MW E-dReg energy storage project, with construction scheduled to begin by the
end of Q2 2025.
This collaboration not only focuses on the energy storage sector but also leverages Autosmart’s automotive industry resources to help LEI successfully enter the
European EV charging station supply chain. With this strategic move, LEI is set to expand its presence in both Taiwan and overseas markets, with shipments expected to start in
Q1 2026, driving new growth opportunities for the company.
Additionally, the
40MW E-dReg energy storage project, co-developed by LEI New Energy and
Cold Electric, is set to commence construction in
Q4 2024 and is expected to be completed by
Q4 2025. As these energy storage projects come online, they are expected to significantly boost LEI's revenue and profitability, providing a solid foundation for the company's future growth.