CSRC approves Nabai Chuan to list on the Shenzhen Stock Exchange's ChiNext board.

On September 18th, the China Securities Regulatory Commission issued the "Reply on Approving the Initial Public Offering of Stocks of NABC New Energy Co., Ltd." It is reported that NABC plans to be listed on the ChiNext board of the Shenzhen Stock Exchange, with Zheshang as the sponsor institution, planning to raise 729 million yuan. According to the prospectus, NABC specializes in the research, development, production, and sales of products related to thermal management of new energy car power batteries, thermal management of fuel car power systems, and energy storage battery thermal management. The main products include battery liquid cooling plates, battery integrated boxes, fuel car engine radiators, and heaters. Since 2012, the company has been cooperating with Contemporary Amperex Technology and is a strategic supplier for them. The products are matched with brands such as Tesla, NIO, XPeng Motors, Li Auto, Neta Auto, LEAPMOTOR, Geely Auto, Changan Auto, GAC Group, Great Wall Motors, SAIC Roewe, Dongfeng Nissan, Mercedes-Benz, Volkswagen, and others. In terms of thermal management products for fuel cars, the company's radiator products supply leading companies in car thermal management components such as Valeo, Mahle, NISSENS, as well as large aftermarket parts suppliers like NRF, AAP, US Motor Works, establishing a stable sales system. In terms of energy storage thermal management systems, the company has become a supplier for leading domestic new energy power equipment manufacturers like Contemporary Amperex Technology, CALB, and Sungrow Power Supply.