Guoxia Technology, a China-based company that provides AI-driven energy storage products and renewable energy solutions, has announced its listing on the main board of the Hong Kong Stock Exchange (HKEX) under the stock code 02655.HK, raising approximately $78 million.
The company offered 33,852,900 shares globally at an issue price of HK$20.1 (~$2.58) per share, raising net funds of approximately HK$605.6 million (~$78 million), assuming that the offering volume adjustment right and overallotment option are not exercised, after deducting underwriting commissions, fees payable for the global offering, and other expenses.
According to the company, the funds raised will primarily be used to advance research and development of core AI-based smart energy storage technologies, establish an overseas operations and service network, and increase product production capacity.
The company plans to apply AI robots to edge intelligent decision-making and assisted operation and maintenance, and expects to achieve autonomous inspection and anomaly detection of energy storage systems.
Domestically, with “Guoxia Technology” as the main entity, the company participates in building large-scale energy storage projects on the grid side, addressing the needs of new power systems with system-level capabilities. Overseas, under the “HANCHU ESS” brand, the company’s residential and commercial energy storage products are said to have entered many mature markets, serving households and businesses worldwide.
According to Mercom’s 9M and Q3 2025 Funding and M&A for Energy Storage report, announced debt and public market financing for Energy Storage technology companies decreased 44% YoY, with $8.4 billion in 29 deals in 9M 2025, compared to $15 billion raised in 22 deals in 9M 2024.
In May, Contemporary Amperex Technology, a China-based battery manufacturing and technology company, announced the listing on the Main Board of the Hong Kong Stock Exchange under the stock code 3750, raising $4.6 billion. The offering is said to have attracted investors from 15 countries and regions worldwide, including sovereign wealth funds, industrial capital, long-term institutions, insurance capital, and multi-strategy funds.
