April 14, 2025 | Hong Kong — ZENERGY, officially Jiangsu Zenergy Battery Technologies Group Co., Ltd. (stock code: 3677.HK), was listed today on the Main Board of the Hong Kong Stock Exchange. The company offered approximately 121.5 million shares at an issue price of HK$8.27 per share. The stock closed its first trading day at HK$8.39, signaling strong investor interest in China’s fast-growing energy storage and EV battery sector.
Founded in 2019, ZENERGY has quickly become a notable player in the lithium-ion battery industry, specializing in power battery systems for electric vehicles and energy storage applications. Its product lineup spans from battery cells and modules to integrated battery packs and battery management systems (BMS), providing turnkey solutions to automakers and energy companies.
ZENERGY was established with the strategic support of renowned Chinese industrialist Cao Dewang, founder of Fuyao Glass. The company is part of a broader initiative by the Fuyao Group to diversify into the clean energy space. This backing has helped ZENERGY access advanced manufacturing capabilities and build robust supply chain networks.
According to the China Automotive Power Battery Industry Innovation Alliance, ZENERGY held a 1.7% market share among Chinese power battery producers during the first eight months of 2024, with total revenue reaching RMB 2.858 billion in the same period.
The company also places a strong emphasis on research and development. As of August 31, 2024, ZENERGY employed over 1,060 full-time R&D personnel—more than 27% of whom hold master’s degrees or above. The company had submitted more than 3,200 patent applications and was granted over 2,000 patents, including over 300 invention patents.
Proceeds from the IPO will be used to expand ZENERGY’s production capacity, upgrade smart manufacturing lines, and accelerate the development of next-generation battery technologies. With its listing on the HKEX, ZENERGY is positioning itself for long-term growth both in China and internationally, amid rising global demand for sustainable energy solutions.