[Anker Innovations] Signed 3GWh Strategic Cooperation with Australia's Leading Household Energy Storage Distributor OSW, Expected to Contribute Several Billion RMB in Revenue Cumulatively - Kaiyuan Home Appliances Lv Ming Team

English summary

Background: On July 27, the company signed a 3GWh strategic cooperation agreement with OSW, one of Australia's largest household energy storage distributors. This signing uses the latest XE product as the carrier, with 14kWh and 28kWh corresponding to CHBP national subsidy of 100% and 60% respectively. OSW is one of Australia's largest household energy storage distributors, connecting to 3,000 installers. How much elasticity does this strategic framework agreement bring? From the factory shipment perspective, it is estimated to correspond to about 6 billion RMB in revenue, corresponding to 150,000 units of installed capacity. (1) From terminal selling price (including installation): at current market average price of $800 per kWh, 3GWh corresponds to 3 million kWh, a scale of $2.4 billion. (2) From system equipment price (factory price, more aligned with brand owner revenue recognition): average price 2,000 RMB/kWh, 3GWh corresponds to 6 billion RMB in revenue. If using the average 20kWh installation scale under the new policy, 3GWh corresponds to about 150,000 installed units. # We estimate Anker's household storage revenue in 2025 will be 200-300 million RMB, with potential to double in 2026. ...