Daquan Energy said in its investor-relations record that its AIDC project
remains in early procedural/permit stages. In 1H the company initiated R&D
projects for new energy storage equipment and for solid-state transformers. The
new storage project has completed partial proof-of-concept prototype work,
single-unit assembly and hardware-board debugging. The solid-state transformer
project has finished main topology and hardware design and is progressing to
detailed structural, electrical and software design.