Recently, the official website of the China Securities Regulatory Commission (CSRC) disclosed that it has accepted the overseas listing application submitted by REPOWERLONG. This marks the official launch of the IPO process for the last domestic enterprise ranking among the TOP 10 in terms of power battery installed capacity, following the listing of China Aviation Lithium Battery Co., Ltd. (CALB) on the Hong Kong Stock Exchange and the acceptance of Honeycomb Energy’s IPO application. According to reports, prior to launching this overseas listing, REPOWERLONG completed a financing round totaling 2.2 billion yuan in February this year, with SAIC Motor as the lead investor and its largest external strategic investor. REPOWERLONG Energy was established in 2017 and is headquartered in Wenzhou, Zhejiang Province. It was formerly known as Ruipu Energy Co., Ltd. It is mainly engaged in the R&D, production and sales of power and energy storage lithium battery cells and system applications, focusing on providing high-quality solutions for new energy vehicle power and smart power energy storage. Its main products are prismatic aluminum-cased blade lithium iron phosphate batteries and ternary batteries, targeting passenger vehicles, commercial vehicles, construction machinery, energy storage and other fields. According to its official WeChat account, the company achieved sales revenue of 2.4 billion yuan last year. Data from the China Automotive Power Battery Industry Innovation Alliance shows that from January to October, REPOWERLONG’s power battery installed capacity reached 3.62 GWh, ranking 10th in China with a 1.6% market share. REPOWERLONG has carried out cooperation with automobile manufacturers including SAIC Motor, Dongfeng Nissan and Geely. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All Rights Reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies share the same actual controller and are under unified Chinese management, and comply with the laws of Hong Kong and mainland China.