The Hong Kong Stock Exchange disclosed on June 24 that Growatt Technology Co., Ltd submitted a listing application to the Hong Kong Stock Exchange. The joint sponsors are Credit Suisse and CICC.
According to people familiar with the matter, Growatt may raise $300 million to $500 million in the impact of the Hong Kong Stock Exchange IPO, which may be listed as early as this year.
Founded in 2011, Growatt is a new energy enterprise focusing on R&D and manufacturing of solar grid-connected, energy storage systems, smart charging piles and smart energy management solutions.
Since its establishment, Growatt has always insisted on R&D investment and technological innovation. It has successively set up three R&D centers in Shenzhen, Huizhou and Xi’an, and dozens of R&D backbones with more than 10 years of inverter R&D experience have successfully led the team to occupy the technical high point. , control the core technology of new energy power generation, and obtained more than 80 authorized patents at home and abroad. In March 2021, Growatt Smart Industrial Park was officially completed and put into operation in Huizhou. The industrial park covers an area of 200,000 square meters and can provide 3 million sets of high-quality inverter products to global users every year.
Adhering to the globalization strategy, the company has successively set up marketing service centers in 23 countries and regions, including Germany, the United States, the United Kingdom, Australia, Thailand, India, and the Netherlands, to provide localized services to global customers. According to a report by a global authoritative research organization, Growatt ranks among the top ten in the global PV inverter shipments, the global household PV inverter shipments, and the global hybrid energy storage inverter shipments.
Growatt adheres to the vision of becoming the world’s leading provider of smart energy solutions, and is committed to creating digital and intelligent smart energy, allowing global users to enter a green future.