According to a report by Bloomberg citing sources, Xiamen Haichen Energy Storage plans to go public in Hong Kong as early as next year, raising over 0.5 billion US dollars. The company has recently begun preparations for the IPO and is collaborating with financial advisors.

According to the company website, Haichen Energy Storage specializes in the research and development, production, and sales of Lithium Battery core materials, lithium iron phosphate energy storage batteries, and systems, and owns core technology intellectual property rights.