Listed today! REPT will become the No.1 lithium listed company in Hong Kong!
December 18, power and energy storage battery newcomer - REPT (0666.HK) officially listed on the main board of the Hong Kong Stock Exchange, the issue price of 18.3 Hong Kong dollars / shares, as of press release, its share price rose to 18.66 Hong Kong dollars / shares, up 1.97%, the current market capitalization of 42.486 billion Hong Kong dollars, more than the previous Hong Kong shares The first big lithium listed company in the new aviation market value (31.547 billion Hong Kong dollars), become the current Hong Kong stock market value of the largest lithium listed companies.
Founded in October 2017, REPT, since the beginning of the opening of the battery delivery, with its excellent product performance and precise product positioning, opened a rapid growth trend.
Data show that REPT officially opened battery delivery in 2019, and from 2020 to 2022, the sales volume of REPT's battery products will be 1.55GWh, 3.30GWh and 16.61GWh respectively, with a compound annual growth rate of 227.4%, which is located in the forefront of the battery industry. It is worth mentioning that in the first half of this year, the sales volume of Ruipu Lanjun's battery products increased from 4.70GWh in the same period last year to 7.77GWh, with a year-on-year growth of up to 65.3%.
Industry data shows that from January to November this year, REPT's energy storage battery sales ranked third in the Chinese market after Ningde Times and YWL; in the first half of this year, the company's energy storage sales ranked fourth in the world.
Behind the excellent performance is the differentiated route that REPT has determined since its inception. With the majority of battery companies take the lead from the power battery into the game, and gradually expand to the energy storage business is different, REPT early on to establish a "power + storage" dual-wheel drive development strategy, forward-looking layout of the field of energy storage batteries, the company's shipments of energy storage batteries not only to maintain rapid growth, and by virtue of the accumulation of leading technology and products, to be able to The company's shipment of energy storage batteries has not only maintained rapid growth, but also expanded its dominant position in the energy storage field by virtue of its leading technology and product accumulation.
In terms of customers, REPT has entered the core supply chain of many domestic mainstream energy storage customers, such as State Power Investment, State Grid, Sunny Power, Goodway, KeLu Electronics and so on.
It is worth noting that REPT has also entered the supply chain of international head energy storage system integrators in the global market, and has frequently won new long-term large orders.
In August this year, REPT and renewable energy company VENA ENERGY formally reached an exclusive supply agreement for an 8GWh large-scale energy storage project in Jakarta, Indonesia, with the aim of providing clean energy reserves for Indonesia.
In September, at RE+ 2023 North America, REPT signed an 8.4GWh Indonesia battery procurement project agreement with POWIN, a world-renowned energy storage integrator; and a 10GWh framework procurement agreement with SUNPIN SOLAR, a leading global solar energy developer.
In addition, in the first half of this year, REPT also signed a 10GWh liquid-cooled energy storage battery system cooperation agreement with Energy Vault, Inc, a U.S. energy storage system integrator.
It is worth mentioning that with its leading technology products, REPT is also riding high in the power market. In terms of power, REPT's main customers include SAIC, Dongfeng, Wuling, Hezhong New Energy, Hechuang Automobile, and Weirui Electric. Meanwhile, in terms of overseas customers, the company has entered the supply chain of international mainstream automobile enterprises, such as Stellantis, smart, volvo and Nissan, and its products have been successively installed in vehicles.
