SOFAR Successfully Listed on the Shenzhen Stock Exchange
- EnergyChannel - United States.
- Apr 16
- 3 min read
In the presence of government agencies, intermediaries, partners, and distinguished guests, Mr. Xu Tao, president of SOFAR, officially rang the opening bell at the Shenzhen Stock Exchange on April 2, marking the company's debut on the ChiNext Board (Stock Code: 301658).
This listing represents a fundamental milestone in SOFAR's growth, highlighting its entry into global capital markets and further driving the integration between technology and capital amidst the global energy transition and China's "dual carbon" goals. It also evidences the company's ongoing commitment to promoting clean and renewable energy solutions.
A Journey of Technological Excellence and Global
Growth Founded in 2013, SOFAR has been dedicated to the conversion, storage, and management of solar energy. Its main portfolio includes string inverters from 1 to 320kW, hybrid inverters from 3 to 20kW, storage batteries, and accessories for photovoltaic systems, offering complete energy solutions for residential, commercial, industrial, and large-scale solar installations.
Driven by China's "dual carbon" goals and the growing global demand for low-carbon energy, solar energy and other green solutions have been widely adopted worldwide. As one of the early advocates of clean energy, SOFAR continues to lead this transformative era by providing reliable and high-quality green solutions. By June 2024, the company's global inverter shipments exceeded 34GW, with a compound annual growth rate of over 100% between 2020 and 2022. Thanks to the high quality of its products and its comprehensive offering of integrated solutions, SOFAR has achieved a position among the top five Chinese brands of photovoltaic inverters and energy storage inverters worldwide, being recognized as "TOP BRAND PV" by EUPD Research in India, Poland, the UK, Italy, Brazil, and Australia.
Building a Green and Low-Carbon Future on a Global Scale SOFAR maintains a global competitive advantage through an integrated approach to product innovation, technological leadership, market expansion, and customer service. The company operates three global R&D centers and two main manufacturing bases, with a global supply chain reaching over 100 countries and regions. To better meet the needs of diverse markets, SOFAR has established localized service platforms in over 20 countries, including the UK, Poland, and Germany, as well as after-sales centers in Poland and the Czech Republic, and a logistics center in the Netherlands. This localization strategy, supported by global roadshows, international summits, specialized recruitment programs, and digital service platforms, has resulted in a three-tier service system—headquarters, regional, and local—that enhances agility in capturing market opportunities and mitigating regional fluctuations. Currently, more than 95% of SOFAR's international workforce is comprised of local talent.
Investing in Innovation for a Sustainable Future While expanding its global presence, SOFAR also embraces the advancement of energy digitalization through increasing investment in research and development. By June 2024, more than 25% of SOFAR's employees were dedicated to R&D, and the company already held 250 authorized patents, including 105 for inventions, 94 for utility models, and 51 for designs. This firm commitment to technological innovation continues to drive the industry towards more sustainable development.
A New Chapter in the Development of the Capital Market SOFAR's successful listing on the ChiNext Board is a testament to the company's relentless pursuit of excellence over the past 12 years—from launching its first photovoltaic inverter to a complete portfolio of solar energy storage solutions. Present in more than 100 countries and regions, SOFAR has established itself as a solid and confident force in the global green energy landscape. For the future, the company will continue to prioritize technological innovation and execute its global growth strategy. By leveraging capital market resources, SOFAR intends to accelerate its expansion in the renewable energy sector, strengthen partnerships and innovation along the value chain, and foster responsible and organized development of the solar energy storage sector. At the same time, SOFAR remains steadfast in its commitment to social responsibility, actively contributing to the global transition towards a clean energy matrix and sustainable development.
SOFAR Successfully Listed on the Shenzhen Stock Exchange
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