February 14, 2025: International lead battery giant Leoch International has revealed a proposal to spin off its Leoch Energy Inc subsidiary and list the entity separately in the US.

Leoch chairman Dong Li told Batteries International: “We want to expand our business in the West, for sure. We want to get good people in the marketplace and this spin-off will help us. It will make the management of our organization easier because the culture between East and West is quite different. 

“Once this proposal goes through our Chinese management can focus just on China and vice versa. It benefits everyone both ways and helps the company to grow.’

Leoch has yet to give details of the proposal, but said on February 12 that the move could improve corporate operations, increase shareholder value and boost market visibility.

The proposal would create two independent businesses to expand market share, maximize growth and drive sales of existing and new battery products throughout the region.

The main business of the spun-off company, to be listed on the New York Stock Exchange or NASDAQ, would be to sell backup and starter batteries in the Americas and worldwide.

The proposal has received initial approval from the Hong Kong Stock Exchange, subject to conditions.

However, Leoch has told shareholders and potential investors that the proposal is in the early stage and there is no guarantee that the spin-off will go ahead.

When interviewed by us last September, he also said that demand for the group’s lead batteries continued to be robust — but warned geopolitical tensions and other challenges were affecting lead availability and pricing.