Hunan Yuneng New Energy Battery Material Co. Ltd. AFiling for Hong Kong listing to raise funds for expansion

Hunan Yuneng, a leading lithium iron phosphate producer, has officially submitted its prospectus to the Hong Kong Stock Exchange, aiming to further expand its global footprint through a Hong Kong listing. A few months ago, Hunan Yuneng completed a private placement of 4.788 billion yuan, and now it is shifting its financing focus to a Guizhou integrated project with a total investment of 24 billion yuan. According to the prospectus, the Guizhou integrated project is expected to be completed within five years, after which it will add 800,000 tonnes per year of designed phosphate cathode material capacity and 1 million tonnes per year of designed iron phosphate capacity for Hunan Yuneng. Citing data from Frost & Sullivan, the company said that by shipment volume, it has ranked first among global phosphate cathode material suppliers for six consecutive years from 2020 to 2025, with a global market share of 28.2 percent in 2025. Hunan Yuneng's sales share to the two leading battery makers, CATL and BYD, has fallen from more than 80 percent at one point in 2022 to 50.55 percent in the first three quarters of 2025.
Hunan Yuneng New Energy Battery Material Co. Ltd. AFiling for Hong Kong listing to raise funds for expansion
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