Jinsheng New Energy plans to go public in Hong Kong and impact the Hong Kong stock market

Guangdong Jinsheng New Energy Co., Ltd. (Jinsheng New Energy) submitted an initial public offering (IPO) application to the Hong Kong Stock Exchange on December 20, planning to list in Hong Kong. The company is a lithium battery recycling and reuse enterprise, and its business covers mainstream battery systems such as ternary lithium batteries and lithium iron phosphate batteries. Jinsheng New Energy's products are widely used in mainstream lithium battery application scenarios such as electric vehicles, energy storage systems and consumer electronics.