Jiangsu Zenergy Completes H Share Placement to Boost Production Capacity
Jiangsu Zenergy Battery Technologies Group Co Ltd. has completed the placement of 45,921,000 new H shares to enhance its production capacity. This initiative is in response to the growing global NEV market and increased customer demand, leading to plans for a new production facility for 2026 and 2027. The latest analyst rating for the stock (HK:3677) is a Buy with a price target of HK$18.00. The company, based in China, specializes in battery production for the NEV sector and has experienced significant growth.
Jiangsu Zenergy Battery Technologies Group Co Ltd. Class H ( (HK:3677) ) has shared an update.
Jiangsu Zenergy Battery Technologies Group Co., Ltd. has successfully completed the placement of 45,921,000 new H shares, raising funds to accelerate its production capacity expansion. This move is driven by the robust growth in the global NEV market and increased customer demand, necessitating the construction of a new production facility to meet anticipated order demands for 2026 and 2027.
The most recent analyst rating on (HK:3677) stock is a Buy with a HK$18.00 price target. To see the full list of analyst forecasts on Jiangsu Zenergy Battery Technologies Group Co Ltd. Class H stock, see the HK:3677 Stock Forecast page.
More about Jiangsu Zenergy Battery Technologies Group Co Ltd. Class H
Jiangsu Zenergy Battery Technologies Group Co., Ltd. is a company based in China, operating in the battery technology industry. The company focuses on the production of batteries, particularly for the new energy vehicle (NEV) market, and has seen significant growth in its market share and production capacity.
Average Trading Volume: 5,343,222
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$25.24B
