Highpower Technology Plans RMB 800 Million Share Placement for Energy Storage and AI Battery Expansion
Highpower Technology plans to raise up to RMB 800 million through a share placement to fund an energy storage battery project and a steel-cased laminated lithium battery initiative, with respective investments of RMB 448 million and RMB 418 million. The company aims to enhance its production capabilities, targeting significant outputs by 2025, while reporting a 16.06% year-on-year revenue increase to RMB 4.391 billion and a net profit surge of 125.90% in the first three quarters of 2025.
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On January 5, Highpower Technology announced plans to raise up to RMB 800 million through a share placement to a maximum of 35 investors. The funds will support two projects: RMB 448 million for an energy storage battery construction project in Tonghu Industrial Park, Huizhou, aiming for an annual production capacity of approximately 3 GWh, and RMB 418 million for a steel-cased laminated lithium battery project, targeting an annual capacity of about 32 million units.
Highpower's semi-solid-state batteries are set for mass production in 2025, with preparations underway for a pilot line for all-solid-state batteries. The energy storage market is expected to thrive by 2026, driven by AI infrastructure and energy transition demands. In the first three quarters of 2025, the company reported a revenue of RMB 4.391 billion, a 16.06% increase year-on-year, and a net profit of RMB 175 million, up 125.90% year-on-year.
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