Core Viewpoint - 正力新能 plans to raise approximately HKD 504 million through the placement of 45.92 million new H shares at a price of HKD 10.98 per share, aimed at enhancing its financial strength and market competitiveness [2] Group 1: Share Placement Details - 正力新能 has signed a placement agreement to issue 45.92 million new H shares, representing about 3.19% of the existing H shares and 1.83% of the total issued shares [2] - The placement price is set at HKD 10.98 per share, which is approximately 7.89% lower than the closing price of HKD 11.92 on October 16, 2025, and about 7.19% lower than the average closing price of HKD 11.83 over the previous five trading days [2] - Approximately 70% of the proceeds will be used for the construction of the second phase of the new production plant in Changshu, Jiangsu, while 10% will be allocated to the pilot line for all-solid-state batteries, and 20% will be directed towards R&D activities and working capital [2] Group 2: Production Capacity and Future Plans - 正力新能 currently has a production capacity of 25.5 GWh and is operating at full capacity [3] - The company plans to add 10 GWh of capacity upon the completion of the first phase of the Changshu plant in Q4 2025, with customer orders fully covering this capacity [3] - An additional 15 GWh of capacity is expected to be added by the end of 2026 with long-term customer projects already secured, bringing the total capacity to 50.5 GWh by the end of 2026 [3] Group 3: Solid-State Battery Developments - 正力新能's aviation power battery system has received airworthiness certification from the Civil Aviation Administration of China, enabling mass delivery for the RX1E electric aircraft [5] - The battery system utilizes dual semi-solid technology, enhancing safety, discharge capacity, flight time, and lifespan, while successfully passing thermal runaway tests [5] - 正力新能 ranked 9th in the "2025 China Lithium Battery Industry Power Battery Annual Competitiveness Brand List," reflecting its strong market position [5][6] Group 4: Market Performance and Growth - In the first half of 2025, 正力新能's power battery installation volume nearly doubled year-on-year, driven by new customers in the automotive sector [6] - The company has secured exclusive contracts for the CSP range extender project with Volkswagen China, expanding its opportunities within the automotive supply chain [6] - In the first three quarters of this year, China's total power battery installation volume reached 493.9 GWh, with 正力新能 achieving an installation volume of 11.5 GWh, capturing a market share of 2.24% and ranking 9th [6]
正力新能拟融资约5亿港元 用于扩产及全固态电池中试线建设等