The "100 Billion Market Value" Energy Storage Super Unicorn Coming Out of the Ningde Era Is Going to Be Listed

2023-07-07 09:30:27

Less than four years after its establishment, Haichen Energy Storage has won more than 4.5 billion C rounds of financing and formally entered the IPO sprint.

, Haichen Energy Storage, which was established only four years ago, won its own C round of financing of over 4.5 billion yuan, and according to the official website of the Securities Regulatory Commission, The company has completed the listing guidance filing in Xiamen Securities Regulatory Bureau on July 3, and formally entered the IPO sprint .

the research and development, production and sales of lithium battery core materials, lithium iron phosphate energy storage batteries and systems . At present, the company has developed square batteries (50Ah/280Ah/300Ah/320Ah), battery modules, battery clusters, energy storage cabinets and other energy storage products.

According to digital new energy DNE statistics, since 2023 alone, this young enterprise has completed two rounds of financing and six times of credit, of which the bank credit alone has exceeded 58 billion yuan .

Digital New Energy DNE is not simple.".

In the current senior management allocation of Haichen Energy Storage, more than 8 people, including the actual controllers Wu Zuyu and Yi Ziqi, have the background of working in the Ningde era.

In particular, Wu Zuyu , the actual controller, as a former middle-level manager in the Ningde era, worked in the Ningde era for no less than six years, during which he led the application for 67 patents. And relates to pole pieces, batteries and the like in the field of energy storage.

In 2018, with his contribution to the company, Wu Zuyu appeared in the first batch of equity incentive lists in the Ningde era. However, only one year later, Wu Zuyu chose to leave collectively with more than six core technical backbones and founded Haichen Energy Storage.

"Energy storage is not a blue sea at all, but a sea that no one understands." Almost no investor can understand the logic of energy storage, as Wang Pengcheng, general manager of Haichen Energy Storage, once described when Haichen was founded.

In the unknown risk, a group of adventurers set sail.

October 11, Haichen Xiamen Production Base Lithium Power Phase I production line with an annual production capacity of 15GWh was put into operation to achieve the first batch of mass production of products. In March of

the following year, Haichen Energy Storage won the tender of Huaneng 2GWh Energy Storage, and a month later, it signed a comprehensive cooperation agreement with Dongfang Risheng to win the order of Dongfang Risheng's three-year 15GWh lithium iron phosphate lithium-ion battery core. In July

2022, Haichen Energy Storage once again joined forces to eat South Grid Technology 5.

Also in January of that year, the one-year-old energy storage freshman first appeared on the Forbes China Unicorn List, becoming the first Unicorn company in Xiamen.

In addition, Haichen Energy Storage also has deep cooperation with leading components such as Atlas.

June, Haichen Energy Storage, whose production line is still under construction, has completed the A-round financing , which is led by Chaoxi Capital, followed by Qianhai Zhongchuang Capital and Xinrui Capital.

After the round of financing, Haichen officially started its soaring financing road in the capital market.

In 2022, the company achieved three rounds of financing , with the total amount of financing exceeding 4.5 billion yuan . Chaoxi Capital, which took the lead in capital injection in 2021, continued to increase in 2022 and participated in the + round of financing; Not only that, in this round of financing, digital new energy DNE noticed that Shengxin Lithium Energy, the head enterprise of lithium salt, was also on the list. After the B round of financing

in October 2022, the company , which has been established for less than two years, is worth 11 billion yuan . After

2023, with the arrival of the "first year of energy storage", the wave of capital pouring into the energy storage industry has become more and more fierce. As a unicorn enterprise in the field of energy storage, Haichen Energy Storage has become a golden nest in the eyes of all kinds of capital. In January

2023, the company received a credit of 8 billion yuan from Societe Generale Bank Xiamen Branch, which was only 18 days away from the completion of more than 2.5 billion syndicated financing.

Since its establishment in 2019, Haichen Energy Storage has raised seven rounds of financing, with a total amount of over 19 billion yuan , and has received six bank credits, with a total amount of 58 billion yuan.

Up to the time of publication, the valuation of Haichen Energy Storage has exceeded 30 billion yuan , and if it can be listed smoothly in the future, it may reach a market value of 100 billion yuan.

May, The company's second production base , Haichen New Energy Southwest Intelligent Manufacturing Center and R & D Center , is located in Tongliang , Chongqing. With a total investment of 13 billion yuan, the project plans to build a production base and R & D center for 56 GWh new generation energy storage lithium batteries and 22 GWh energy storage modules. The project started in November last year, and the main structure of the first phase of construction was basically completed in April this year.

At present, the first phase of 15GWh of Haichen Energy Storage Xiamen Lithium Power Project has been put into full operation, and the second phase of 30GWh will be completed and put into operation this year. According to the current capacity release schedule, the company will reach an annual capacity of 135GWh in 2025. According to the data of Gaogong Industry Research Institute (GGI), the shipment of lithium batteries for energy storage in China in 2022 is only 130 GWh.

At the 13th China International Energy Storage Conference in May this year, Pang Wenjie, director and deputy general manager of Haichen Energy Storage, said that the company's shipments in the first quarter of this year increased more than 10 times compared with last year.

This year, Haichen Energy Storage will compete for two in the delivery of global electric energy storage batteries. The annual target of energy storage battery shipments is expected to exceed 25 GWh. Wang Pengcheng stressed that "before 2025, it is a strategic qualifying race. If we can't stand in the first echelon, we will lag behind.".

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Less than four years after its establishment, Haichen Energy Storage has won more than 4.5 billion C rounds of financing and formally entered the IPO sprint.

2023-07-07 09:30:27

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