DBM Video: Another Energy Storage Company Went to Hong Kong for IPO and Turned from Loss to Profit in 2025

On February 3, following the signing of Egypt's 6 GWh energy storage order in January, Chuneng New Energy signed another overseas order yesterday, signing a strategic cooperation agreement with Saudi Al Rajhi Electrical and Shanghai Yitong in Dammam, Saudi Arabia, for the next three years. Chuneng will supply a total of 5.5G Wh of energy storage products to Al Rajhi Electrical.

2026-02-04 17:34:08

On February 1, 2026, Penghui Energy announced that the company had submitted its IPO application to the Hong Kong Stock Exchange on January 30.

2026-02-04 11:51:12

According to foreign media reports on January 28, Volkswagen Group (USA) submitted a report to NHTSA due to the risk of battery fire, and planned to recall 44551 2023-2025 Volkswagen ID.4 models in two batches in the United States.

2026-01-30 11:07:43

New Energy Industry Exposed Heavy Rumors! Ningde Times, the global power battery leader, is negotiating with Huawei to acquire its core digital energy business, including photovoltaic inverters, energy storage systems and energy management systems.

2026-01-29 16:42:49

On the evening of January 27, Jiangxi Ganfeng Lithium Industry disclosed its annual performance forecast for 2025. The company expects to turn losses into profits, and its operating performance has improved significantly compared with the same period last year.

2026-01-29 11:54:39

At the beginning of 2026, China Electric Power Construction and China Energy Construction successively released the business report card of the previous year. China Power Construction signed 1.33 trillion yuan of new contracts in the whole year, of which 841.605 billion yuan was contributed by energy and power projects.

2026-01-28 15:34:47

On January 23, Turpan Zhitai Electric Power Development Co., Ltd. issued a tender announcement for the EPC general contracting project of the 100 MW/400 MWh hybrid independent energy storage power station in Gaochang District.

2026-01-27 17:28:21

According to incomplete statistics, in the past month, the bidding for many energy storage projects in China has been terminated, with a total scale of nearly 3 GWh. Most of the reasons are major changes in the project procurement plan or content.

2026-01-26 17:06:56

On January 22, Taiyuan Precision Control Energy Technology Co., Ltd. invited tenders for EPC project of Taiyuan 500MW/1000MWh New Energy Storage Project.

2026-01-26 16:47:09

On January 22, Ningde Times released a series of customized products of "Light Business" (Light Commercial Vehicle) at the new product launch of "Tianxing Second Generation Light Business".

2026-01-23 17:10:49

Recently, Tianhe Energy Storage and Aer Sol Soléir, an Irish renewable energy developer, formally signed their first large-scale battery energy storage project cooperation agreement in Italy, and the two sides will jointly build a 250MW/1G Wh energy storage power station in Rondissone, Turin.

2026-01-23 15:27:33

Zhongguancun Energy Storage Industry Technology Alliance released 2025 annual energy storage data, by the end of December 2025, the cumulative installed capacity of China's new energy storage reached 144.7 GW, an increase of 85% over the same period last year.

2026-01-23 11:42:08

On January 19, Huichuan Technology announced that the company was planning to issue H shares overseas and list them on the Hong Kong Stock Exchange.

2026-01-21 17:23:31

On January 20, the board of directors of Xuji Electric received a written resignation report submitted by Chairman Li Juntao. Due to job transfer, Li Juntao resigned from the positions of chairman, director and special committee of the board of directors, and no longer held any position in the company after his resignation.

2026-01-21 15:20:00

Recently, the Ministry of Industry and Information Technology and other six departments jointly issued the Interim Measures for the Management of Recycling and Comprehensive Utilization of Waste Power Batteries for New Energy Vehicles, with the idea of "full channel, full chain and full life cycle", to clarify the system of "integrated scrapping of vehicles and electricity" and battery digital identity card.

2026-01-21 13:07:25

China Automotive Power Battery Industry Innovation Alliance released a cumulative domestic power battery loading volume of 769.7 GWh from January to December 2025, a cumulative year-on-year increase of 40.4%.

2026-01-20 14:48:46

On January 16, the announcement on the invalidity of all information and bidding process of the bidding activity of "EPC general contracting and supervision of 500 MW 2 GWh grid-type independent energy storage project in Aksu area" was issued.

2026-01-20 13:06:36

On January 16, Chuneng New Energy signed a strategic cooperation agreement with local Egyptian enterprises WeaCan and Kemet. According to the agreement, Chuneng New Energy will supply a total of 6GWh energy storage products to Egypt in stages to ensure the safe and stable operation of the products in the Egyptian power system and provide full-cycle technical support services.

2026-01-19 17:05:12

Recently, the Ordos Kusha 400000 kilowatt 1.6 million kilowatt independent energy storage power station has been put on record. The energy storage power station is located in Ordos City, Inner Mongolia Autonomous Region, with a total investment of 1.22937 billion yuan.

2026-01-16 17:20:11

On January 13, Fulin Seiko announced the termination of major asset restructuring and planned to issue shares to specific targets. Fulin Seiko intends to introduce Ningde Times as a strategic investor, and to adjust the original planned subsidiary Jiangxi sublimation equity cooperation to a comprehensive strategic cooperation of equity and business of listed companies.

2026-01-16 15:49:31

On January 14, Ningxia Yanchi Huianbao 200 MW/800 MWh Shared Energy Storage Power Station EPC General Contracting (Phase I and Phase II) Project issued a notice of bid rejection. Due to the problems of project financing and implementation, the follow-up work can not be carried out for the time being. It is decided that the bid of this project will be rejected temporarily.

2026-01-16 11:41:39

The first company whose IPO was terminated in Shenzhen Stock Exchange in 2026 was born. On January 11, the Shenzhen Stock Exchange issued a decision to terminate the examination of Zhuhai Saiwei's initial public offering and listing on the GEM. Due to the withdrawal of the application for issuance and listing of Zhuhai Saiwei and the sponsor China Merchants Securities, the Shenzhen Stock Exchange decided to terminate the examination of its issuance and listing in accordance with relevant regulations.

2026-01-15 17:27:21

On January 13, Tianzhi Material announced that Jiujiang Tianzhi, a wholly-owned subsidiary of the company, received the Criminal Judgment issued by the People's Court of Lianxi District, Jiujiang City, Jiangxi Province, on January 12, 2026. It is reported that Jiujiang Tianzhi Company has established a strict confidentiality system for its core electrolyte production technology.

2026-01-15 15:12:05

Signed an order, more than all the company's revenue in the past nine years combined? On January 13, Rongbai Technology threw out a huge purchase agreement to shake the market, announcing the signing of a cooperation agreement with Ningde Times on the purchase of lithium iron phosphate cathode materials. From the first quarter of 2026 to 2031, Rongbai Technology is expected to supply about 3.05 million tons of lithium iron phosphate cathode materials to Ningde Times, with a total sales amount of more than 120 billion yuan. It is the largest single purchase agreement in the history of the industry.

2026-01-15 11:48:22

On January 13, the main contract of lithium carbonate futures in Guangzhou Futures Exchange broke through the 170000 yuan/ton mark, up more than 9%, and finally closed at 166980 yuan/ton, a new high since October 2023.

2026-01-13 17:18:00

On January 11, foreign media disclosed that the United States and Canada officially launched the recall procedure of Volvo EX30 on the grounds that the batteries of some models had potential fire hazards.

2026-01-13 15:14:50

On January 9, Shanxi Hejin Shangchu New Energy Technology Co., Ltd. announced the rejection of the EPC tender for Shanxi 400MW/800MWh grid-side shared energy storage, because the Power Energy Co., Ltd. of the Fifth Bureau of China Construction failed to sign a contract with the tenderer within the prescribed time as required by the tender documents after the end of the bid-winning publicity period.

2026-01-13 14:53:43

On January 9, a ship carrying 28950 tons of lithium concentrate from Mali, Africa, arrived at Yangpu Port, which will provide stable raw materials for Hainan Xingzhihai New Materials Co., Ltd. to produce 20000 tons of battery-grade lithium hydroxide annually. This is the first batch of new energy minerals declared by Yangpu with "zero tariff" after the closure of Hainan Free Trade Port.

2026-01-12 16:01:50

On January 9, the Ministry of Finance and the State Administration of Taxation issued the Announcement on Adjusting the Export Tax Rebate Policy for Photovoltaic and Other Products. According to the announcement, from April 1, 2026 to December 31, 2026, the export tax rebate rate for value-added tax of battery products will be reduced from 9% to 6%; from January 1, 2027, the export tax rebate for value-added tax of battery products will be abolished.

2026-01-12 13:45:58

On January 8, an Asiana Airlines passenger plane flying from Incheon International Airport in South Korea to Hong Kong, China, caught fire in the cabin during the flight.

2026-01-09 15:44:40

On January 8, the correction announcement of EPC bid-winning results of 300MW/1.2G Wh grid-type energy storage project in Xinjiang Kuche Automobile Market was made. The original bid winner is the Third Engineering Co., Ltd. of China Railway Electrification Bureau Group, with the bid price of 10285 billion yuan. Now the bid winner is changed to China Construction Second Engineering Bureau Co., Ltd. with the bid price of 1028.48 million yuan.

2026-01-09 15:43:10

Recently, according to local media, Tesla has become the world's largest supplier of energy storage batteries. In 2025 alone, it deployed 46.7 gigawatt hours, mainly from the super factories in Lathrop, California, and Shanghai.

2026-01-08 15:17:17

On January 7, a multi-sectoral symposium on power and energy storage battery industry was held to study and deploy work related to standardizing industrial competition order. More than ten head power battery companies, including Ningde Times and BYD, as well as energy storage batteries and integrators, participated in the meeting. According to the participants, the main content of the meeting also focused on the industry's "anti-involution".

2026-01-08 14:33:02

On December 31, Salt Lake shares took the lead in issuing the 2025 annual performance forecast, which showed that the company expected to achieve a net profit of 8.29-8.89 billion yuan in 2025. Year-on-year growth of 77.78% ~ 90.65%; net profit after deduction of non-profits was RMB8.23 billion ~ 8.83 billion, representing a year-on-year growth of 87.02% ~ 100.66%.

2026-01-07 15:45:14

On January 4, the State Power Investment Corporation issued the tender for the centralized procurement of the first batch of energy storage systems and the first batch of energy storage battery core equipment in 2026, in which the total procurement of energy storage systems is 5GWh, including centralized energy storage system 4.5G Wh and string energy storage system 0.5G Wh; the total procurement of energy storage batteries is 7GWh, and the required battery capacity is ≥ 314Ah.

2026-01-06 17:31:30

On January 5, Tianzhi Material Disclosure Announcement showed that in order to ensure the normal operation and safe and stable production of the follow-up liquid lithium hexafluorophosphate production plant, the company planned to stop production and overhaul the 150000 tons of liquid lithium hexafluorophosphate production line in Longshan North Base from March 1, 2026, with an estimated overhaul time of 20 to 30 days.

2026-01-06 15:47:04

On January 4, Zhongcheng Dayou Huizhou Daya Bay Grid Side Independent Energy Storage Power Station Project was terminated. The bidding for the project was launched on May 13, 2025. The tenderer was Zhongcheng Dayou New Energy (Huizhou) Co., Ltd. and the successful candidate was China Construction Second Engineering Bureau Co., Ltd.

2026-01-06 11:40:56

Recently, Ningde Times signed an investment cooperation agreement with Gui'an New District of Guizhou Province, announcing that on the basis of the first phase project of Ningde Times (Guizhou) New Energy Power and Energy Storage Battery Manufacturing Base, the second phase project will be invested and constructed, with an annual capacity of 30 G Wh power and energy storage batteries planned and designed, covering an area of about 550 mu.

2026-01-05 17:29:10

On January 4, the Development and Reform Bureau of Dawukou District, Shijingshan, Ningxia announced the abolition of the 150MW/600MWh shared energy storage project of Shizuishan Yuchu New Energy Co., Ltd. The project is now abolished because it can not meet the technical requirements of grid-connected access and the implementation conditions of the project are not yet available. The project is planned to invest 720 million yuan, and the reason for the abolition is that the main body of investment abandons the construction.

2026-01-05 16:14:11

On December 26, 2025, the Development and Reform Commission of Zhejiang Province and the Provincial Energy Bureau issued the Notice on Issuing Compensation Funds for New Energy Storage Capacity, totaling 17 projects, with a total compensation capacity of 1.164 million kilowatts, a compensation amount of 232.8 million yuan in the first year and a compensation standard of 200 yuan/kW/year.

2026-01-04 15:54:53

On December 31, the tender announcement for EPC general contracting of Jiuduntan 200MW/800MWh Energy Storage Power Station Project in Liangzhou District of Gansu Province was issued, and the tenderer of the project was Gansu Platinum Han New Energy Co., Ltd.

2026-01-04 11:40:26

On December 29, Longpan Science and Technology announced that the production line of lithium iron phosphate in Changzhou, a holding subsidiary, has been overloaded. In order to ensure the safe, stable and efficient operation of the production line, some production lines will be overhauled according to the scheduled plan from January 1, 2026. The overhaul time is expected to last for one month.

2025-12-31 11:45:33

On December 28, Cui Dongshu, Secretary-General of Riding Federation Branch, wrote that the domestic demand for new energy lithium batteries in early 2026 would be significantly lower than that in the fourth quarter. Battery manufacturers are expected to cut production and take vacations in response to demand fluctuations.

2025-12-30 13:10:47

Recently, three grid-side independent energy storage projects, namely, 500 MW/2000 MWh in Ordos Valley, Inner Mongolia, 500 MW/3000 MWh in Weijun, Baotou, and 400 MW/2400 MWh in Buerhantu, Baotou, have been successfully connected to the grid.

2025-12-29 15:24:43

On December 26, Xinwangda announced that its subsidiary Xinwangda Power received a civil complaint on December 25, and the plaintiff in the case was Weirui Electric, a Geely company. The announcement showed that Weirui Electric believed that the batteries delivered by Xinwangda Power from June 2021 to December 2023 had quality problems, and demanded that Xinwangda Power compensate for the loss of about 2.314 billion yuan.

2025-12-29 11:04:39

On December 25, South Korea's LG New Energy said that It sold a battery factory and related assets in Ohio to Honda Development and Manufacturing of America for $2.86 billion, or about 20 billion yuan, excluding land and equipment.

2025-12-26 16:50:40

Recently, Ningde Times signed a five-year electrolyte supply contract with Enchem, a Korean lithium battery electrolyte manufacturer, totaling 350000 tons, with an average annual supply of 70000 tons. The contract was signed on December 24.

2025-12-25 17:05:09

Recently, Ningde Times and Siyuan Electric signed a three-year memorandum of cooperation on energy storage, with a target of 50 G Wh. In the next three years, the two sides will focus on energy storage systems, transmission and distribution and other supporting equipment to achieve two-way coordination between the upstream and downstream of the industrial chain.

2025-12-25 16:38:35

The price of lithium has begun to rise again without reason. In December 24th, the futures price of lithium carbonate reached 127 thousand yuan/ton, and the main contract rose by 8% yesterday. In December, the main price of lithium carbonate in Guangqi has continuously conquered the important barriers of 100000 yuan/ton and 120000 yuan/ton. Up to now, the futures price of lithium carbonate has risen by more than 90% compared with the year's low of 58000 yuan/ton.

2025-12-25 16:28:39

On December 18, Hainan officially opened a new historical stage of the island's closure operation. Global lithium battery giant Ningde Times has accelerated the layout of Hainan industrial and commercial energy storage through joint ventures, and 10 billion-level smart micro-grid and independent energy storage projects have been signed one after another.

2025-12-24 16:39:53