On July 17th, one of our most cherished partners, the global leader in soft-packing ternary battery enterprises, Farasis Energy(Gan Zhou)Co.,Ltd.(Farasis Energy), was listed on the SSE STAR MARKET (stock code: 688567). Farasis Energy issued about 214 million new shares in this listing, with a total of about 1.071 billion shares. Its issue price, opening price, and highest price are separately 15.9, 34 yuan, and 37 yuan per share. As of press release than the issue price rose by 90%, and the current market value of about 32 billion yuan. The strategic placement issue number is 59.82 million shares-- Daimler Greater China, Jiangsu Hanrui, Suhao Investment, China Insurance Investment Fund, Huatai Securities participated in the strategic placement of this issue, with a total investment of 1.354 billion yuan.
So far, Farasis Energy has successfully become the first stock of "new energy vehicle lithium-ion power battery" in SSE STAR MARKET, and also the first stock of "soft-packing lithium-ion power battery" for new energy vehicles in China.
Founded in 2009 in Ganzhou, Jiangxi Province, Farasis Energy started a large-scale industrialization of power battery technology for new energy vehicles and became one of the first enterprises to mass produce soft-packing ternary batteries in China. Since its establishment, Farasis Energy has focused on the R&D, production and sales of ternary soft pack power lithium-ion batteries for new energy vehicles, providing overall solutions for the use of power batteries for new energy vehicle enterprises, and this successful listing opens a new chapter of rapid development for the company.
The founders of the company, Dr. YUWANG and Dr. Keith, are both global senior scientists in the lithium-ion power battery industry, deeply engaged in the R&D and global industrialization process of the lithium-ion power battery industry. The founding team has been engaged in the technical research and development of power battery products since 1997, and has been deeply involved in the power battery industry for twenty years, being one of the first technical teams in the world to engage in the development of lithium-ion power batteries.
All along, Farasis Energy has been technology-oriented, and currently has set up R&D teams in Ganzhou, Jiangxi, Silicon Valley, and Stuttgart, Germany. Besides, it continues to carry out R&D cooperation with internationally renowned institutions in the power battery industry, and the long-term strategic partners include top international research institutes in the lithium-ion power battery industry, such as Argonne National Laboratory, Lawrence National Laboratory in Berkeley, Berkeley University, Stanford University, and internationally renowned enterprises such as BASF, DuPont, and 3M.
Relying on the international R&D team and global R&D system, the accumulation of many cutting-edge scientific research projects, and cooperation with internationally renowned institutions of power batteries, Farasis Energy has mastered the core technology of the whole industry chain of raw materials, cells, modules, battery management systems, battery pack systems, production processes and automation equipment, and has advanced manufacturing and quality management capabilities for lithium-ion power batteries.
At present, Farasis Energy's customers cover domestic and international mainstream vehicle enterprises, including Mercedes-Benz German, Mercedes-Benz Beijing, BAIC BJEV, GAC New Energy, FAW, Geely Auto, Great Wall Motor and other well-known domestic and international vehicle enterprises, and is expanding its business with Volkswagen, Audi, Porsche, General Motors, Nissan, Honda and other international first-line vehicle enterprise customers. From 2017 to 2019, Farasis Energy has ranked first in domestic shipments of soft pack power lithium-ion batteries.
V Fund is a private equity investment management company founded in 2015 by five former senior bankers from Goldman Sachs Group. Its main investment focuses are on hard technologies, including automotive, artificial intelligence, intelligent manufacturing, aerospace, etc.
In January, 2018, V Fund successfully invested in Vunergy Technology. Before that, Yunhui has been positioned in the new energy field for many years and invested in several projects with market recognition and influence, including CATL, Rongbay Techonology, CHEMSPEC and other new energy technology leader enterprises. Along with the IPO of Farasis Energy, V Fund is about to celebrate a fruitful harvest season.