Cao Dewang's younger sister takes control of the helm and is preparing to lead the charge for the new energy sector in the A-share market.

The Securities Regulatory Commission website disclosed that Jiangsu Zhengli New Energy Battery Technology Co., Ltd. filed for guidance registration with the Jiangsu Securities Regulatory Bureau on July 8, 2026, intending to make an initial public offering of shares and list on the A-share market, with Guotai Hantong Securities as the guiding broker. Founded on February 26, 2019, Zhengli New Energy is a company specializing in the research and development, production, and sales of lithium-ion power batteries and energy storage batteries. The company provides integrated solutions for battery cores, modules, battery packs, battery clusters, and battery management systems, covering various segments such as BEV, PHEV, EREV, HEV, energy storage, aviation power batteries, and other markets. According to public information, Zhengli New Energy's founder and chairman, Cao Fang, is the younger sister of Cao Dewang, the former chairman of Fuyao Glass. She retired from Fuyao Glass in 2014 and co-founded Zhengli Investment with Chen Jicheng, focusing on investments in the field of electric vehicle components. Currently, Zhengli Investment is the controlling shareholder of Zhengli New Energy, holding a 18.04% share of the latter.