On 29 June, the China Energy Storage Alliance (CNESA) and the China Automotive Battery Industry Innovation Alliance jointly released the ‘Initiative on Standardising Supplier Payment Practices for Power and Stationary Storage Battery Enterprises.’
The trend for mainland China-listed energy storage firms to seek secondary listings on the Hong Kong Stock Exchange shows no sign of abating, writes Carrie Xiao.
On May 20, JA Solar announced the appointment of Wang Junsheng as president of its energy storage subsidiary, with the appointment taking immediate effect.
Chinese industrial automation and power technology firm Inovance Technology has filed its prospectus with the Hong Kong Stock Exchange, planning to raise around US$2 billion (RMB 13.7 billion) following strong growth in its energy storage business.
Energy storage firm Guoxia Technology (02655.HK) has released its first full annual report since listing on the Hong Kong Stock Exchange late last year.
China’s biggest energy storage companies were out in force at a recent trade expo in Beijing, with integrated offerings, bigger battery cells, data centre solutions and sodium-ion products among the new products and tech on show.