On January 5, Highpower Technology announced that it plans to issue shares to no more than 35 specific investors, raising up to RMB 800 million. The proceeds will be used for the construction of energy storage battery projects and steel-cased laminated lithium battery projects.
According to the proposed plan, after deducting issuance expenses, all the raised funds will be allocated to the two capacity expansion projects. Among them, RMB 448 million is planned to be invested in the energy storage battery construction project, which is located in the Tonghu Industrial Park in Huizhou. Upon completion and reaching full capacity, the project is expected to form an annual production capacity of approximately 3 GWh of energy storage battery cells. The products will mainly serve application scenarios such as residential energy storage, commercial and industrial energy storage, and data centers, aiming to address the company’s current capacity bottleneck under conditions of fully loaded energy storage production lines.
In addition, RMB 418 million will be invested in the steel-cased laminated lithium battery construction project. After reaching full production, the project is expected to add an annual production capacity of approximately 32 million steel-cased laminated batteries, effectively meeting the demand from AI edge devices for batteries with high energy density and high safety performance.
In terms of technological reserves, Highpower Technology disclosed that its semi-solid-state batteries achieved mass production and shipment in 2025. The company is currently actively preparing for a pilot production line for all-solid-state batteries, with key equipment procurement projects progressing as planned.
Looking ahead to 2026, the energy storage market is entering a phase of structural prosperity driven by AI computing infrastructure development, the global energy transition, and growing demand for power grid upgrades. As a clearly defined second growth curve, the company’s energy storage business currently has sufficient orders on hand.
Financial data show that in the first three quarters of 2025, the company achieved operating revenue of RMB 4.391 billion, representing a year-on-year increase of 16.06%. Net profit attributable to shareholders reached RMB 175 million, surging by 125.90% year on year, reflecting a significant improvement in profitability.
Source：EnergyTrend
