The CSRC has granted U9 Energy's IPO registration on the Shenzhen Stock Exchange's GEM.

On March 14, the China Securities Regulatory Commission approved the registration of Shenzhen U9 Green Energy Co., Ltd.'s initial public offering. U9 Green Energy plans to list on the GEM of the Shenzhen Stock Exchange, with the sponsor being Minsheng Securities, and plans to raise RMB700mn. According to the prospectus, U9 Green Energy is a national high-tech enterprise specializing in the research, development, and sales of core components of new energy vehicle DC charging equipment, mainly producing 15KW, 20KW, 30KW and 40KW charging modules, which are mainly applied to DC charging stations, charging cabinets and other new energy vehicle DC charging equipment. The Company focuses on the core needs of charging speed, environmental protection, convenience, safety and reliability of new energy vehicles, and its products always follow the technological development route of high power, high efficiency, high power density, wide voltage range and high protection, which can mass-produce charging modules with a maximum power of 40KW, a highest conversion efficiency of 96%, a highest power density of 60W/in3, a constant power output voltage range of 300V to 1,000V, and an IP65 protection level, helping new energy vehicles achieve fast, environmentally friendly, safe and convenient power replenishment, and indirectly promoting the rapid development of the charging and replacement field of new energy vehicles.