Nandu Power said on the investor interaction platform on September 20 that according to the new tariff act of 2024, energy storage battery the tariff rate will be increased from 7.5% to 25%. This change has a 2-year window period from planning to landing, which has no impact at present, and the company still has plenty of time to adjust its global layout strategy. The US energy storage market added 8736MW/25978MWh of installed capacity in 2023, up 82% and 84% year on year respectively. The decrease in the proportion of energy storage batteries in the cost of energy storage system is expected to have little impact on the overall profitability. Meanwhile, due to the slow progress of domestic supplier projects in the United States, the cost advantage of domestic enterprises is obvious. Even if the tariff is raised to 25%, the cost of Chinese batteries is still better than that of the United States, and domestic energy storage system products still have obvious competitiveness.