Shenzhen Highpower Technology Plans A-Share Private Placement to Raise 800 Million RMB for Battery Projects
Shenzhen Highpower Technology Co., Ltd. intends to issue A-shares to 35 specific investors, aiming to raise up to 800 million RMB. The funds will support the Energy Storage Battery Construction Project and the Steel-Shell Stacked Lithium Battery Construction Project, which has an investment of 418 million RMB. Highpower seeks to expand production capacity to support the growing demand for energy storage and AI edge device batteries. The share issuance is pending approval from the Shenzhen Stock Exchange and CSRC.
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Shenzhen Highpower Technology Co., Ltd. has announced plans for an A-share private placement to raise up to 800 million RMB from a maximum of 35 specific investors. The funds will be allocated to the Energy Storage Battery Construction Project and the Steel-Shell Stacked Lithium Battery Construction Project, which requires an investment of approximately 418 million RMB.
This project aims to produce 32 million steel-shell stacked batteries annually, addressing the needs of AI edge devices. Highpower is also expanding its energy storage business to alleviate current production capacity constraints. The share issuance has been approved by the Board of Directors and shareholders but is subject to further approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission.
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