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In January 2026, RelyEZ Energy and HSC New Energy launched plans for initial public offerings on the Hong Kong Stock Exchange. RelyEZ Energy submitted its application for an H-share listing on January 9, reporting a revenue of RMB 880 million for the first three quarters of 2025, with 92.7% from large-scale energy storage systems.

The company has initiated overseas expansion, generating RMB 8.6 million in revenue from U.S. clients and operating three production plants in China. HSC New Energy announced its intention to issue H-shares on January 8, currently finalizing details with intermediaries. The company recorded operating revenue of approximately RMB 539 million in the first three quarters of 2025, despite a net loss of RMB 103 million, while advancing in solid-state battery materials.