Nandu Power Plans to Go Public on the Hong Kong Stock Exchange

Nandu Power Plans to Go Public in Hong Kong!

On April 23, Nandu Power announced its intention to list on the Hong Kong Stock Exchange. The announcement highlighted the company’s commitment to advancing its global strategy, enhancing its brand image and recognition, and improving its overall competitiveness. Additionally, the company aims to create an international capital operation platform, thereby increasing the transparency and standardization of its governance.

Nandu Power, officially known as Zhejiang Nandu Power Supply Co., Ltd., is currently in the process of preparing for the issuance of overseas shares (H-shares) and listing on the Hong Kong Stock Exchange (referred to as “this H-share listing”). Discussions are ongoing with relevant intermediaries regarding the specific steps for this listing, and further details have yet to be finalized. Importantly, this H-share listing will not result in any changes to the company’s controlling shareholder or actual controller.

Founded in 1994, Nandu Power entered the industrial energy storage sector and has consistently focused on the development and application of energy storage technologies and products. The company provides lithium-based products, system integration, and services for new energy storage, industrial storage, and residential energy storage. Nandu Power has developed a complete industrial chain that includes lithium battery manufacturing, system integration, operational services, and lithium resource recycling, creating an integrated layout around its energy storage business and establishing a comprehensive ecosystem for energy storage.

At the recent ESIE2025 held in Beijing, Nandu Power showcased its Center L Ultra 6.25MWh integrated liquid-cooled energy storage system, which features a self-developed 783Ah ultra-large energy storage battery. This system is suitable for energy storage scenarios ranging from 2 to 8 hours. It offers a cluster management system with active balancing, ensuring rapid and effective equilibrium for each cell. The system also incorporates core technologies such as PACK-level fault isolation, dual cooling modes (liquid-cooled PCS + liquid-cooled PACK), and simplified chip-level integration, which significantly enhance energy efficiency, safety, and intelligent management.

Additionally, Nandu Power introduced a large-capacity storage product, the Center L Max 8.338MWh, which utilizes a self-developed ultra-large capacity solid-state battery. The system’s energy density has greatly improved due to its optimal design for space utilization and structural optimization within the container, allowing a single unit capacity to reach 8.338MWh. This represents a 167% increase in energy density compared to the current mainstream 5MWh systems, setting a new industry record.

In its efforts to expand internationally, Nandu Power has continuously strengthened both vertical and horizontal collaborations, building a multifaceted competitive advantage in technology and capital. The company has established close cooperative relationships with overseas energy power groups, design institutes, EPC companies, financial institutions, and various upstream and downstream supply chains. Nandu Power’s energy storage business has reached 160 countries and regions, with localized sales and service centers established in Europe, North America, Australia, Japan, South Korea, the Middle East, and others, thus achieving integrated support capabilities for global energy storage project implementation.

As of now, Nandu Power has a circulating market value of 12.66 billion RMB on the A-share Growth Enterprise Market, with a total market capitalization of 13.27 billion RMB. In the first three quarters of 2024, Nandu Power generated revenues of 7.862 billion RMB.