Great Power's Hong Kong IPO Lapses; Ranked World's No.1 in Portable Energy Storage Battery Shipments
NewTimeSpace News: The listing application filed by Guangzhou Great Power Energy & Technology Co., Ltd. (300438.SZ) with the Hong Kong Stock Exchange on January 30, 2026, has now lapsed after the expiration of the six-month validity period. CITIC Securities acted as the sole sponsor.
The Company is a leading global battery manufacturer and integrated energy storage solutions provider in China. According to the Frost & Sullivan Report, based on 2024 shipment volumes, the Company ranked No.1 globally in the portable energy storage battery industry, No.3 globally in the household energy storage battery industry, and No.9 globally in the overall energy storage battery market with a 3.6% market share.
The Company is one of the few enterprises in China with deep presence across both core business segments of energy storage batteries and consumer & power batteries. Its business covers utility-scale, commercial & industrial, and household energy storage solutions, and it also supplies power batteries for emerging sectors such as smart devices, wearables, low-altitude drones, and specialty vehicles. Through sustained R&D efforts, the Company has made forward-looking deployments in next-generation technologies including solid-state batteries and sodium-ion batteries. As of the announcement date, the Company has served customers in over 50 countries and regions, including the United States, Germany, and Japan.
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