Ruipu Energy, a power battery production company under Tsingshan Holdings, has completed the shareholding system transformation and name change on April 7. The company's full name has been changed from Ruipu Energy Co., Ltd. to Ruipu Lanjun Energy Co., Ltd. Co., Ltd. and Shanghai Lanjun New Energy Technology Co., Ltd. merged. After completing the shareholding reform, Ruipu Lanjun plans to go public in Hong Kong. According to media reports, Ruipu Energy is seeking to raise about 3 billion yuan from new and old investors at a valuation of nearly 30 billion yuan.

Ruipu Energy Co., Ltd. was established on October 25, 2017, mainly engaged in the research and development, production and sales of power/energy storage lithium-ion battery cells to system applications, focusing on providing high-quality solutions for new energy vehicle power and smart power storage Program. At present, the main products are lithium iron phosphate and ternary batteries. It plans to produce 20Gwh in 22 years, and plans to expand its production capacity to 30Gwh in 2023. At this stage, it is aimed at the fields of passenger cars, commercial vehicles, construction machinery and energy storage. The main customers include SAIC-GM-Wuling , Dongfeng passenger car, Sungrow, etc. At present, it has a Wenzhou manufacturing base and a Shanghai R&D center. Last year, the company's sales revenue reached 2.4 billion yuan, doubling year-on-year. According to the statistics of China Automotive Power Battery Industry Innovation Alliance, in the first two months of this year, the power battery installed capacity of REPUB was 0.18 GWh, ranking 12th in China. Its energy storage will rank third domestically in 2021.