New Stock News | Grebo submits an application to the Hong Kong Stock Exchange to stake a claim in the 800V high-voltage electric drive and AI computing power supply track.

According to the disclosure on June 7 by the Hong Kong Stock Exchange, Graybo Intelligent Power Technology Co., Ltd. (referred to as Graybo) has submitted an application to the Hong Kong Stock Exchange main board, with CICC as its exclusive sponsor. Company Overview Graybo is a global provider of solutions in the field of intelligent electrification and universal 800V high-voltage DC power supply systems, with core technologies in high-performance power electronics, motors, software, thermal management, and platform integration. By vertically integrating and optimizing systems, the company offers competitive hardware and software integrated solutions. During the previous reporting period, Graybo primarily served the new energy vehicle power domain and expanded into AI computing infrastructure power supply systems and intelligent power domain electric drive systems, committed to promoting the global energy transition towards low-carbon and intelligent upgrades. As of the last feasible date, the company has received contracts from 10 OEMs through direct channels or primary suppliers, and its solutions have been adopted in 16 commercially launched models by 12 automotive brands. As of the same date, there were 24 projects in the customer contact and solution design stage. With technological and scale advantages, the company ranks third globally in terms of installed units of integrated new energy vehicle power domain solutions by 2025. When considering multiple-in-one power domain solutions for new energy vehicles, the company ranks first globally among independent suppliers. Financial Information Revenue The company's revenue is expected to reach approximately RMB 3.14 billion, RMB 7.38 billion, and RMB 36.28 billion for the years 2023, 2024, and 2025, respectively. Gross Profit The company's gross profit is expected to be approximately -RMB 21.25 million, RMB 7.49 million, and RMB 26.2 billion for the years 2023, 2024, and 2025, respectively. Net Loss The company's net loss is expected to be approximately RMB 270 million, RMB 345 million, and RMB 288 million for the years 2023, 2024, and 2025, respectively. Industry Outlook Driven by the deepening electrification transformation in the global automotive industry, the market size of the global new energy vehicle power domain solution industry is forecasted to grow from RMB 197.7 billion in 2025 to RMB 486 billion in 2030, with a CAGR of 19.7% from 2025 to 2030. As the global new energy vehicle industry evolves towards intelligence and domain control, the demand for vehicle lightweighting, integration, and efficiency continues to increase. The penetration rate of multiple-in-one power domain solutions in the global new energy vehicle industry is expected to grow rapidly, reaching 31.4% in 2025 and projected to reach 56.6% in 2030. The global market size of multiple-in-one power domain solutions for new energy vehicles is forecasted to grow from RMB 62 billion in 2025 to RMB 275.1 billion in 2030, with a CAGR of 34.7% during the period. Benefiting from the growth in sales of extended-range electric vehicles and the increasing demand for front compartment two-in-one electric drive solutions, the market size of two-in-one electric drive solutions for new energy vehicles is rapidly expanding. The global market size of two-in-one electric drive solutions for new energy vehicles is expected to grow from RMB 15.7 billion in 2025 to RMB 41 billion in 2030, with a CAGR of 21.2% from 2025 to 2030. In Shanxi Guoxin Energy Corporation, the market size of the automotive power domain solution industry is expected to grow from RMB 127.8 billion in 2025 to RMB 323 billion in 2030, with a CAGR of 20.4% from 2025 to 2030. The market size of multiple-in-one power domain solutions in the automotive industry in Shanxi Guoxin Energy Corporation is expected to increase from RMB 43.3 billion in 2025 to RMB 199.7 billion in 2030, with a CAGR of 35.8% during the period. In the automotive power domain solution industry of Shanxi Guoxin Energy Corporation, the penetration rate of multiple-in-one power domain solutions reached 33.9% in 2025 and is expected to further increase to 61.8% by 2030. Board of Directors Information The Board of Directors consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors. Shareholding Structure As of the last feasible date, Redwood Mingde's general partner is Redwood Kundu. Redwood Kundu's general partner is Shanghai Huan Yuan. Xiamen Redwood Xingrui Innovation Technology Co., Ltd. ("Xiamen Redwood") holds 58.8% limited partnership interest in Redwood Kundu. Xiamen Redwood is 96.67% owned by Redwood Huanrui Management Consulting Co., Ltd. ("Redwood Huanrui"), which is 51% owned by Zhou Kui. According to the Securities and Futures Ordinance, Redwood Kundu, Redwood Shengde, Redwood Jiangde, Shanghai Huanyuan, Zhou Kui, Xiamen Redwood, Redwood Huanrui, Meishan Redwood, Redwood Asia, Hangzhou Redwood, Wuhu Juncheng, Shanghai Jingmu Investment, Shanghai Jingmu Enterprise, Shanghai Titanium Ming, Tan Wenhong, and Redwood Haixin are considered to have interests in 27,783,863 shares held by Redwood Mingde. As of the last feasible date, Bo Hong Company is 99% owned by Mr. Guan Bo. Bo Zhi Kong No.1 is an employee incentive platform, and Bo Zhi Da is the company's employee shareholding platform, with Mr. Guan Bo as their respective general partner. According to the Securities and Futures Ordinance, Mr. Guan Bo is considered to have interests in 15,500,000 shares held by Bo Hong Company, 5,320,045 shares held by Bo Zhi Kong No.1, and 867,470 shares held by Bo Zhi Da. Advisory Team Exclusive Sponsor: China International Finance Hong Kong Securities Limited Company Company Legal Advisors: Puhei Law Firm (Hong Kong) Limited Liability Partnership, Jiayuan Law Firm Sponsor Legal Advisors: Sullivan & Cromwell LLP (Hong Kong) Limited Liability Partnership, Beijing Tongshang Law Firm Auditors and Reporting Accountants: PricewaterhouseCoopers Industry Consultants: Zhaoshi Enterprise Management Consulting (Shanghai) Co., Ltd. Compliance Advisors: Hongri Capital Limited Company