The China Securities Regulatory Commission approves Youyou Green Energy's IPO registration on the Shenzhen Stock Exchange Growth Enterprise Market.

On March 14th, the China Securities Regulatory Commission issued the "Reply on Approving the Initial Public Offering of Shares of Shenzhen Youyou Green Energy Co., Ltd.". It is reported that Youyou Green Energy plans to go public on the Shenzhen Stock Exchange's Growth Enterprise Market, with China Minsheng Securities as the sponsor, planning to raise 700 million yuan. According to the prospectus, Youyou Green Energy is a national high-tech enterprise specializing in the research and development, production, and sales of core components for new energy vehicle DC charging equipment. Its main products are 15KW, 20KW, 30KW, and 40KW charging modules, mainly used in DC charging piles, charging cabinets, and other new energy vehicle DC charging equipment. The company focuses on the core demands of new energy vehicles for charging rate, environmental friendliness, convenience, safety, and reliability. Its products have always been developed along the technological route of high power, high efficiency, high power density, wide voltage range, and high protection. It can mass produce charging modules with a maximum power of 40KW, a maximum conversion efficiency of 96%, a maximum power density of 60W/in3, a constant power output voltage range of 300V to 1,000V, and charging modules with a protection level of IP65. This will help new energy vehicles achieve fast, environmentally friendly, safe, and convenient power replenishment, indirectly promoting the rapid development of the new energy vehicle charging and swapping field.