Recently, REPT BATTERO Energy Co., Ltd. (“REPT BATTERO”, stock code: 0666.HK) successfully completed a new share placement on the Main Board of the Hong Kong Stock Exchange. In this placement, 60 million new shares were placed at a price of HKD 13.35 per share to no fewer than six investors, raising approximately HKD 801 million in gross proceeds and approximately HKD 794 million in net proceeds. Fangda Partners acted as PRC legal counsel to REPT BATTERO, providing comprehensive legal services throughout the placement and assisting the company in completing the filing procedures with the China Securities Regulatory Commission (CSRC).

REPT BATTERO is a leading global manufacturer of lithium-ion batteries, specializing in the design, R&D, production, and sale of lithium-ion battery cells, modules, battery packs, and system applications for both power and energy storage purposes. The company is committed to delivering high-quality solutions for customers in new energy vehicle power systems and smart energy storage, supporting China’s “carbon neutrality” goals. In 2024, REPT BATTERO achieved revenue of CNY 17.796 billion, with revenue reaching CNY 9.49 billion in the first half of this year. The company ranks among the top five globally in energy storage battery cell shipments and ranks first worldwide in shipments of residential energy storage cells.

Fangda Partners has continued to provide ongoing legal services to REPTBATTERO since serving as its PRC legal counsel in its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. The Fangda team advising REPT BATTERO on this placement was led by partners Aaron CHEN and Jane CHEN. Team members included counsel Alison ZHU and WU Cheng.