Yinpai Battery Plans IPO to Accelerate Capitalization and Strengthen EV Supply Chain

[Capital Dynamics] Yinpai Battery, a battery company under the GAC Group, has clarified its IPO plan and is seeking an independent listing.

Core Development: Yinpai Battery Launches Financing and Listing Process

Xu Junhai, General Manager of Yinpai Battery, publicly announced on March 31, 2026, that the company plans to enhance its risk resilience through an IPO. Established in October 2022, the company was primarily invested in by GAC Aion (51%) with a total investment of RMB 10.9 billion.

Key Metrics: 70 GWh Energy Storage Capacity and Semi-Solid-State Technology Breakthrough

The company has launched the industry’s first mass-producible 587 Ah hybrid solid-liquid energy storage cell, the “Da Fang Wu Yu” series. Its Qiankun semi-solid-state cell reduces the risk of lithium dendrite penetration by 95%. Over the next three years, its planned energy storage production capacity will exceed 70 GWh.

Strategic Foundation: Reducing Dependence on Battery Costs

This move continues GAC Group’s strategy to address the dilemma of "working for CATL"—by mastering core supply chains through in-house R&D and manufacturing, supporting brands like Aion with annual installation demands exceeding 600,000 vehicles.