Farasis Energy (Gan Zhou) Co. Ltd. Class A
SSSE:6885678.59
CNY
-0.09
(-1.04%)
ISIN
CNE1000041T4
Return %
Stock
S&P 500
1Y
-49.56
14.20
3Y
-52.49
81.12
5Y
-72.99
68.34
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Li Gang Dong
- Full Time Employees
- 5,080
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Jinling West Road Ganzhou JX China 341000
- IPO Date
- Jul 17, 2020
- Website
- farasis.com
- Similar Companies
- Business
- Farasis Energy (Gan Zhou) Co., Ltd. (688567.SS) manufactures and sells lithium-ion pouch batteries, modules, and packs, primarily ternary soft-pack power batteries, for applications including new energy passenger vehicles, electric sports cars, motorcycles, bicycles, buses, trucks, air and rail transportation, marine vessels, renewable energy systems, power grid energy storage, industrial energy storage, data centers, communication stations, residential energy storage, electric forklifts, excavators, hoisting machinery, mining vehicles, electric agricultural machinery, and aerial work platforms; the company also develops and supplies sodium-ion batteries, semi-solid-state batteries, and advancing solid-state battery technologies, alongside battery systems for eVTOL aircraft and heavy-duty equipment. Founded in 2009 in Ganzhou, Jiangxi Province, China, as a key manufacturing and R&D base of the broader Farasis Energy group originally established in 2002 in Silicon Valley, California, the company operates globally with production facilities in Ganzhou (30 GWh and 5 GWh capacities), Zhenjiang (24 GWh), Guangzhou (30 GWh), and a 40 GWh joint venture in Gemlik, Turkey; additional sites support operations in North America, Europe via Farasis Energy Europe GmbH in Germany, and expansions into Southeast Asia including Indonesia and Thailand for two-wheeler markets. Farasis targets automotive OEMs, energy storage providers, and industrial equipment manufacturers, ranking first in China for pouch cell installed capacity for eight consecutive years and top eight globally in EV battery installed capacity as of 2023, with over 20 years of lithium-ion expertise, nearly 300 patents, and a focus on high-performance, safe, sustainable solutions. Recent developments include the 2023 launch of the Guangzhou 30 GWh project and the world's first eVTOL end-customer delivery; in 2024, Super Pouch Solution (SPS) deployment across vehicle models, partnerships with leading eVTOL firms, strategic solid-state battery collaborations with renowned automakers including Mercedes-Benz and Geely, entry into heavy truck markets, Southeast Asian two-wheeler expansion, and a strategic agreement with JMEV for solid-state batteries; in 2025, announcements encompass a manufacturing frame agreement with Beyonder AS for high-capacity battery production and 48V mild-hybrid modules, a partnership with Eberspaecher for BMS integration, a collaboration with Geely Radar for new energy innovation, and a circularity alliance with Cling Systems for second-life EV batteries in stationary storage, alongside plans for solid-state battery pilot production targeting commercialization within five years.