IPO News | Wanbang Energy Submitted to the Hong Kong Stock Exchange

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on January 4, Wanbang Digital Energy Co., Ltd. (Wanbang Energy for short) submitted a listing application to the main board of the Hong Kong Stock Exchange, with J.P. Morgan Chase, Guotai Junan International, and CMB International as co-sponsors. According to the prospectus, Wanbang Energy is the world's leading supplier of smart charging equipment and a pioneer in microgrid systems. The company also provides large-scale energy storage systems to further meet customer needs, thereby expanding the company's business scope in the smart energy industry. According to Frost & Sullivan, the company is the first smart charging equipment supplier in China to be certified by high-end international OEM customers. It provides highly compatible products and services to meet the high standard requirements of OEMs for charging infrastructure. In terms of revenue and sales in 2024, the company is the world's largest supplier of smart charging devices, with global sales of more than 470,000 units in that year.