May 15, 2025: Narada Power has officially launched an initial public offering in Hong Kong in a move the Chinese battery maker said is designed to speed up global expansion.
The lead and lithium manufacturer said on April 30 the Hong Kong Stock Exchange (HKEX) dual-listing process marked a solid step toward becoming a global industry leader.
As an international financial hub, Hong Kong attracts global capital and resources, Narada said.
The HKEX listing will also boost brand image and recognition, competitiveness and create an international capital operation platform that increases governance transparency and standardization.
Narada’s energy storage business has a presence in 160 countries and regions.
Last March, Batteries International reported that Narada had won a bid to supply VRLA batteries with a contract value of Rmb330 million ($46 million) to China Tower.
Earlier this month, the company unveiled what it described as an ultra-high-capacity solid-state battery to target the energy storage market.