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Energy Storage

Tuesday
15 Apr 2025

Chinese Battery Supplier Zenergy Goes Public in Hong Kong

15 Apr 2025  by autonews.gasgoo   
On April 14, 2025, Jiangsu Zenergy Battery Technologies Group Co., Ltd., a company focused on developing and producing lithium-ion batteries for power and energy storage, successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited. This initial public offering (IPO) represents a key step for Zenergy, enabling further growth through access to capital markets.

Zenergy offered 121,523,700 shares worldwide at HK$8.27 each. The funds raised will support expanding production capacity, establishing advanced intelligente manufacturing facilities, creating flexible production lines, and advancing research and development of core technologies.

As global demand for sustainable energy solutions grows, Zenergy has built strengths in technology, product reliability, customer diversity, operational scale, and cost efficiency. Its technological advancements include a comprehensive product range covering various chemical systems, power types, and use cases, positioning it as a leader in the battery sector.

Regarding product quality, Zenergy stated: "We have pioneered several technologies across energy density, lifespan, fast charging, safety, and power performance." Its batteries are recognized for consistent reliability, meeting high industry standards.

Zenergy serves a broad customer base, including major state-owned enterprises, leading global automakers, emerging electric vehicle companies, and prominent energy storage firms. This diverse clientele underscores the company’s ability to meet varied market needs.

With demand exceeding its current 25.5 GWh production capacity, Zenergy has begun construction on its Yihe B Zone facility in Changshu city. This new base is slated to start operations in the fourth quarter of 2025, paving the way for increased revenue in 2026.

On cost management, Zenergy explained: "Our order-driven capacity expansion strategy, high-efficiency flexible production enabled by software-defined manufacturing, and standardized product development processes have helped the company swiftly return to profitability in 2024—outpacing industry peers in the speed of turnaround." These efforts have strengthened its financial position.

Zenergy’s governance includes a proactive “5-3-1” research and development strategy, which plans new electrochemical systems and materials five years ahead, develops technology platforms three years in advance, and introduces products one year before market launch. This approach ensures innovation aligns with market trends, supporting long-term growth.

The IPO and ongoing expansions highlight Zenergy’s commitment to advancing battery technology and meeting global energy needs, reinforcing its role in the evolving energy landscape.

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