[SMM New Energy] Highpower Technology Plans to Raise 800 Million Yuan to Invest in ESS Battery and Steel-Case Stacked Lithium Battery Projects

Published: Jan 7, 2026 13:30
Highpower Technology issued an announcement on January 6, disclosing its plan for a private issuance of A-shares in 2026. The total amount of funds to be raised through this private issuance shall not exceed 800 million yuan. After deducting issuance expenses, the net proceeds will be used for the construction of ESS battery projects and steel-case stacked lithium battery projects. The announcement indicated that Highpower Technology’s current R&D focuses on high-voltage cathode materials, high-silicon anode applications, steel-case stacking processes, solid-state battery technology, and other areas. The company is committed to building a product portfolio covering energy storage and AI-powered consumer end-devices through the implementation of related projects.

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