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The energy storage company's initial filing expired after a six-month limit, with an update likely by year-end as it reports rapid growth for its international and storage systems businesses
XIAMEN, China, Oct. 9, 2025 /PRNewswire/ -- Xiamen Hithium Energy Storage Technology Co. Ltd. is likely to restart its Hong Kong IPO process in the next three months, after its application filed earlier this year expired, as it seeks funds for its global expansion and ramps up its energy storage systems business.
The company's original March listing application lapsed late last month after it failed to complete the IPO within six months, a common occurrence for most companies in their first listing attempts, rather than a sign of failure. The development comes not long after a similar application by another energy storage company, Sigenergy, also expired after it failed to complete the listing within six months after filing.
A knowledgeable source told Chinese media that Hithium is likely to restart its Hong Kong IPO process by the end of this year.
The energy storage sector is currently thriving in the capital markets, attracting strong investor interest on strong growth prospects and supportive government policies. Hithium is seeking to tap booming global demand for both batteries and systems used to store energy from a growing number of solar, wind and other new energy farms and other generating stations being built worldwide. Such storage is a critical component for these facilities, allowing them to store excess electricity during peak generating times for later release during production lulls.
As demand ramps up, the global energy storage market is expected to pass 1,000 GWh per year by 2030, according to third-party market data in Hithium's original March prospectus.
Founded in 2019, Hithium provides batteries and energy storage systems for residential, commercial and industrial customers. It is the world's third largest provider in its sector, with about 11% of the global market. Its shipments grew by an average 167% annually between 2022 and 2024 to reach 35.1 GWh last year.
A recent boom in overseas demand for energy storage has helped Hithium to win multiple international orders from Europe, the U.S. and the Middle East, propelling it to second in global energy storage shipments in the first half of 2025. The company's two production bases in the cities of Xiamen and Chongqing have been operating at full capacity since March, and it is also building a new facility in the city of Heze in Shandong province to boost its capabilities. In a move to hedge against U.S.-China trade frictions, the company has already put a new facility in the U.S. state of Texas into operation — making it the first Chinese enterprise in this sector to establish and launch such a production base in the United States.
Hithium's revenue grew 26% last year to 12.9 billion yuan ($1.81 billion) from 10.2 billion yuan in 2023. Within that bigger figure, revenue from energy storage systems, which typically carry higher profit margins, more than doubled last year to 4.67 billion yuan from 1.97 billion yuan the previous year, rising to 36.2% of the total from 19.3% over that time.
The company is also rapidly building up its overseas business, which grew from just 1% of sales in 2023 to 28.6% last year. Hithium made a big advance on that front in August, when it signed a major supply deal with Saudi Electricity Co. worth about 2.6 billion yuan. On the bottom line, Hithium also passed another major milestone last year when it became profitable on an adjusted basis, reporting a 318 million yuan adjusted profit for the year.
The energy storage company's initial filing expired after a six-month limit, with an update likely by year-end as it reports rapid growth for its international and storage systems businesses
XIAMEN, China, Oct. 9, 2025 /PRNewswire/ -- Xiamen Hithium Energy Storage Technology Co. Ltd. is likely to restart its Hong Kong IPO process in the next three months, after its application filed earlier this year expired, as it seeks funds for its global expansion and ramps up its energy storage systems business.
The company's original March listing application lapsed late last month after it failed to complete the IPO within six months, a common occurrence for most companies in their first listing attempts, rather than a sign of failure. The development comes not long after a similar application by another energy storage company, Sigenergy, also expired after it failed to complete the listing within six months after filing.
A knowledgeable source told Chinese media that Hithium is likely to restart its Hong Kong IPO process by the end of this year.
The energy storage sector is currently thriving in the capital markets, attracting strong investor interest on strong growth prospects and supportive government policies. Hithium is seeking to tap booming global demand for both batteries and systems used to store energy from a growing number of solar, wind and other new energy farms and other generating stations being built worldwide. Such storage is a critical component for these facilities, allowing them to store excess electricity during peak generating times for later release during production lulls.
As demand ramps up, the global energy storage market is expected to pass 1,000 GWh per year by 2030, according to third-party market data in Hithium's original March prospectus.
Founded in 2019, Hithium provides batteries and energy storage systems for residential, commercial and industrial customers. It is the world's third largest provider in its sector, with about 11% of the global market. Its shipments grew by an average 167% annually between 2022 and 2024 to reach 35.1 GWh last year.
A recent boom in overseas demand for energy storage has helped Hithium to win multiple international orders from Europe, the U.S. and the Middle East, propelling it to second in global energy storage shipments in the first half of 2025. The company's two production bases in the cities of Xiamen and Chongqing have been operating at full capacity since March, and it is also building a new facility in the city of Heze in Shandong province to boost its capabilities. In a move to hedge against U.S.-China trade frictions, the company has already put a new facility in the U.S. state of Texas into operation — making it the first Chinese enterprise in this sector to establish and launch such a production base in the United States.
Hithium's revenue grew 26% last year to 12.9 billion yuan ($1.81 billion) from 10.2 billion yuan in 2023. Within that bigger figure, revenue from energy storage systems, which typically carry higher profit margins, more than doubled last year to 4.67 billion yuan from 1.97 billion yuan the previous year, rising to 36.2% of the total from 19.3% over that time.
The company is also rapidly building up its overseas business, which grew from just 1% of sales in 2023 to 28.6% last year. Hithium made a big advance on that front in August, when it signed a major supply deal with Saudi Electricity Co. worth about 2.6 billion yuan. On the bottom line, Hithium also passed another major milestone last year when it became profitable on an adjusted basis, reporting a 318 million yuan adjusted profit for the year.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hithium Experiences Rapid Business Growth, Likely to Continue Hong Kong IPO by Year-End
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SHENZHEN, China, Jan. 14, 2026 /PRNewswire/ -- Fibocom (300638.SZ | 0638.HK), a global leader in wireless communication modules and edge AI solutions, today announced the launch of its global LTE Cat.1 bis module, LE271-GL, providing IoT devices with single-SKU global connectivity. With compact size, global frequency coverage, low power consumption, and high compatibility, the LE271-GL offers a cost-effective 4G solution for worldwide IoT applications such as asset tracking, IP cameras, new energy systems, and consumer electronics.
Compact Design and Global Coverage
Measuring 17.7mm × 15.8mm, the LE271-GL is pin-to-pin compatible with Fibocom's MC661, LE270, and LE37X series, as well as other modules of similar packaging. Customers can migrate without changing PCB designs. Supporting both FDD-LTE and TDD-LTE bands, the module covers all major global frequencies under a single SKU, simplifying inventory management and reducing logistics costs for international deployment.
High Performance and Fast Network Access
The LE271-GL ensures quick and stable connections, achieving network registration in under 3.5 seconds. Optimized AT command response and USB enumeration improve device startup and connectivity efficiency. Its OpenCPU architecture provides flexibility for secondary development, lowering overall device costs.
Ultra-Low Power and Extended Battery Life
Optimized for battery-powered applications, the LE271-GL achieves microamp-level sleep current and supports DRX and other low-power modes. Interfaces including VDD_EXT and multiple GPIOs remain powered in standby, ensuring long battery life while maintaining critical functionality.
Rich Functionality and Strong Compatibility
LE271-GL supports LBS + Wi-Fi scan positioning (for indoor and international use), eSIM, and single/dual-SIM configurations. It integrates USB, UART, SPI, I2C, ADC, LCD, Camera, and GPIO interfaces, and supports TTS, MQTT, HTTP, and SSL protocols for versatile IoT applications.
Now in the engineering sample stage, Fibocom's LE271-GL sets a new benchmark for global Cat.1 bis connectivity, enabling customers and partners worldwide to explore new opportunities in the IoT market.
About Fibocom
Fibocom, founded in 1999, is China's first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from "Connect Everything" to "Intelligent Connectivity" across diverse industries.
Fibocom's one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.
SHENZHEN, China, Jan. 14, 2026 /PRNewswire/ -- Fibocom (300638.SZ | 0638.HK), a global leader in wireless communication modules and edge AI solutions, today announced the launch of its global LTE Cat.1 bis module, LE271-GL, providing IoT devices with single-SKU global connectivity. With compact size, global frequency coverage, low power consumption, and high compatibility, the LE271-GL offers a cost-effective 4G solution for worldwide IoT applications such as asset tracking, IP cameras, new energy systems, and consumer electronics.
Compact Design and Global Coverage
Measuring 17.7mm × 15.8mm, the LE271-GL is pin-to-pin compatible with Fibocom's MC661, LE270, and LE37X series, as well as other modules of similar packaging. Customers can migrate without changing PCB designs. Supporting both FDD-LTE and TDD-LTE bands, the module covers all major global frequencies under a single SKU, simplifying inventory management and reducing logistics costs for international deployment.
High Performance and Fast Network Access
The LE271-GL ensures quick and stable connections, achieving network registration in under 3.5 seconds. Optimized AT command response and USB enumeration improve device startup and connectivity efficiency. Its OpenCPU architecture provides flexibility for secondary development, lowering overall device costs.
Ultra-Low Power and Extended Battery Life
Optimized for battery-powered applications, the LE271-GL achieves microamp-level sleep current and supports DRX and other low-power modes. Interfaces including VDD_EXT and multiple GPIOs remain powered in standby, ensuring long battery life while maintaining critical functionality.
Rich Functionality and Strong Compatibility
LE271-GL supports LBS + Wi-Fi scan positioning (for indoor and international use), eSIM, and single/dual-SIM configurations. It integrates USB, UART, SPI, I2C, ADC, LCD, Camera, and GPIO interfaces, and supports TTS, MQTT, HTTP, and SSL protocols for versatile IoT applications.
Now in the engineering sample stage, Fibocom's LE271-GL sets a new benchmark for global Cat.1 bis connectivity, enabling customers and partners worldwide to explore new opportunities in the IoT market.
About Fibocom
Fibocom, founded in 1999, is China's first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from "Connect Everything" to "Intelligent Connectivity" across diverse industries.
Fibocom's one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Fibocom Launches Global LTE Cat.1 bis Module LE271-GL
