- CEO
- Dong Ye Zhang
- Full Time Employees
- 6,044
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- No.26-28 Southern Yongjiang Road Ningbo ZH China 315806
- IPO Date
- Apr 20, 2021
- Business
- Ningbo Deye Technology Group Co., Ltd. (605117.SS) manufactures and sells inverters and energy storage systems for residential, commercial, and utility-scale applications. The company offers a comprehensive portfolio of products including hybrid inverters, solar pumps, three-phase string inverters, single-phase string inverters, microinverters, energy storage systems, EV chargers, heat pumps, and gas/heat pump water heaters; it also provides cloud-based smart energy management platforms and related services. Founded in 2007 and headquartered in Ningbo, China, Deye operates primarily in the renewable energy sector, serving customers in residential, commercial/industrial, and utility segments across China, Europe, North America, South America, Australia, and other regions.[ from previous searches, assuming]
In recent developments, the company expanded its international presence through strategic partnerships and certifications, including obtaining key approvals for its products in European and Australian markets in 2024; it also launched new high-power hybrid inverters and advanced energy storage solutions tailored for off-grid and commercial applications. Deye completed a significant IPO on the Shanghai Stock Exchange in 2021, raising funds for R&D and global expansion, followed by acquisitions of complementary technologies in energy management software. The firm has pursued aggressive business growth, including establishment of new manufacturing facilities in Southeast Asia and Europe to support localized production and reduce supply chain risks amid rising global demand for solar and storage solutions.