Qingtiao Energy submits IPO application to the Hong Kong Stock Exchange, plans to raise $700 million to $900 million

Viewpoint Network News: On April 8th, Qingtao (Kunshan) Energy Development Group Co., Ltd. officially submitted an IPO application to the Hong Kong Stock Exchange, aiming to become the “First Stock of Solid-State Batteries in Hong Kong,” with a planned fundraising of $700 million to $900 million.

According to publicly available information, Qingtao Energy was founded by a team led by Academician of the Chinese Academy of Sciences and Professor at Tsinghua University, Nan Cewen. The company is headquartered in Kunshan, Suzhou, focusing on the research, development, production, and sales of solid-state and hybrid solid-liquid batteries. Its core products include nano-ceramic fiber membranes, coating membranes, ceramic particle membranes, and more. The company has also achieved industrialization of solid-state batteries and built a large-scale production line for solid-state power lithium batteries.

It is reported that the company has received strategic investments from SAIC, BAIC, GAC, China Silver Investment, and Shanghai Science and Technology Innovation, with a valuation exceeding 20 billion yuan.

Information shows that Qingtao Energy’s products are mainly used in new energy vehicles and energy storage fields, adopting an organic-inorganic composite solid electrolyte technology route. The Hong Kong listing is jointly sponsored by Guotai Junan Securities Co., Ltd., China International Capital Corporation Hong Kong Securities Limited, and China Merchants Securities (Hong Kong) Limited.

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