SolaX Power (<a href="https://english.sse.com.cn/markets/equities/list/overview/?COMPANY_CODE=688717&STOCK_CODE=688717" target="_blank">SHA:688717</a>) plans to invest USD 1.498 billion (EUR 1.351bn) to build a research and manufacturing facility in the eastern Chinese province of Zhejiang which will be dedicated to utility energy storage and smart energy systems integrating solar power, storage, heating and electric vehicle (EV) charging.