Zenergy

About Zenergy

Jiangsu Zenergy Battery Technologies Group Co. Ltd. is a manufacturer of lithium-ion batteries headquartered in Changshu, China. Established in 2019 by co-founders including Cao Fang and Chen Jicheng, the company has rapidly positioned itself within the competitive energy technology sector. Cao Fang, who serves as the company's chairman, brings extensive experience from her previous roles at automotive glass giant Fuyao Glass, which was founded by her brother. Her industry connections and background have been instrumental in Zenergy's swift growth. Since its founding, the company achieved key milestones including being recognized as a China Unicorn Enterprise in 2022 and launching a successful IPO on the Hong Kong Stock Exchange in April 2025.

Zenergy operates on a B2B model, focusing on the research, development, production, and sale of battery products for electric vehicles (EV), energy storage systems (ESS), and aviation. Its business strategy involves providing integrated solutions that cover the entire battery system, including cells, modules, packs, racks, and battery management systems (BMS). The company serves a diverse client base that includes major state-owned enterprises, global automakers like SAIC and Geely, and emerging new energy vehicle startups. Revenue is generated through the sale of these battery products and systems. Financially, Zenergy has demonstrated significant growth, reporting a trailing twelve-month revenue of $715 million as of December 2024 and successfully raising substantial capital, including a total of $494 million over two funding rounds prior to its public offering.

The company's product portfolio is designed to address multiple market segments, including battery electric vehicles (BEV), plug-in hybrid electric vehicles (PHEV), and energy storage solutions. Zenergy has developed a multi-path product matrix that spans different chemical systems and application scenarios to maintain a competitive edge. A key offering is its energy storage battery with a capacity of 314Ah and an energy density of 180 Wh/kg. The company also produces a battery for aviation applications with an energy density of 320 kW, capable of reaching an 80% charge in 15 minutes. To support its growth and production demands, which have surpassed its 25.5 GWh designed capacity, Zenergy is expanding its manufacturing footprint with new facilities, such as the Yihe B Zone base in Changshu, expected to commence operations in late 2025.