Foreign media: The world's largest photovoltaic inverter and energy storage system manufacturer, Sungrow Power Supply, plans to conduct an initial public offering (IPO) in Hong Kong.
The company is headquartered in Hefei, Anhui. As of June 30, 2025, its cumulative installed capacity of photovoltaic inverters reached 87 gigawatts, with a global market share of 25.2%; the cumulative shipment of energy storage systems reached 70 gigawatt-hours, with a global market share of 11.9% in 2024.
Sungrow Power Supply was established in 1997 and was listed in Shenzhen in 2011. This listing in Hong Kong aims to take advantage of the prosperity of the Hong Kong stock market. At the same time, the company faces challenges from the Trump administration in the United States, which has imposed tariffs on Chinese solar products. Although the tariffs on energy storage systems have been reduced after recent U.S.-China trade negotiations, it is expected that they will rise again starting January 1, 2026.
Original article: www.toutiao.com/article/1845317008169984/
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