Suzhou Westlink New Energy Electric Co., Ltd. Makes Successful Debut on Shanghai Stock Exchange with IPO

On January 11, 2024, Suzhou Westlink New Energy Electric Co., Ltd. (603312) officially debuted on the main board of the Shanghai Stock Exchange, with an IPO issue price of 29.02 yuan per share and a total fundraising of 1.172 billion yuan. The closing price on the first day of trading was 41.70 yuan, an increase of 43.69%. The company's total market value was 6.7 billion yuan.

Westlink New Energy's main products are battery connection systems and composite busbars. The battery connection system is a structural component for electric connections within battery modules, primarily used in the field of new energy vehicles and electrochemical energy storage. The composite busbar is a multi-layer composite structure connection busbar, which achieves electrical connections between power devices and main circuit components. Industrial electrical busbars are mainly used in high voltage and high current fields such as rail transportation, industrial frequency conversion, and new energy power generation, while control busbars are mainly used in new energy vehicles and fuel vehicles equipped with 48V mild hybrid systems.