Farasis Energy (Gan Zhou) Co., Ltd. (688567.SS) Bundle
Founded in 2002, Farasis Energy Co., Ltd. (688567.SS) has grown into a global lithium‑ion battery leader, supplying over 23,000 MWh annually from facilities in China, Europe and North America and partnering with OEMs such as Mercedes‑Benz and Geely, while its mission-'Provide clean energy, build an intelligent world'-and vision-'dedicate to technology innovation, lead energy transformation, promote a better life for mankind'-drive heavy R&D investment, rapid‑charging, high‑energy‑density solutions across automotive, aerospace and energy storage, and a corporate culture rooted in innovation, entrepreneurship, collaboration, integrity and sustainability that powers circular‑economy recycling programs and measurable emissions reduction efforts inviting readers to explore how these strategic pillars translate into market impact and technological breakthroughs
Farasis Energy Co., Ltd. (688567.SS) - Intro
Farasis Energy Co., Ltd., established in 2002, is a global leader in lithium‑ion battery technology, specializing in high‑performance, safe, and sustainable energy storage solutions. The company operates manufacturing facilities across China, Europe, and North America and supplies over 23,000 MWh of lithium‑ion batteries annually. Its product portfolio targets automotive, aerospace, and utility energy storage markets with an emphasis on high energy density and rapid charging capabilities. Farasis invests heavily in research and development to advance cell chemistry, pack integration, and battery management systems while promoting responsible sourcing and recycling initiatives. Strategic OEM collaborations include Mercedes‑Benz and Geely, among others.- Mission: Deliver safer, higher‑performance, and sustainable energy storage solutions that accelerate global electrification.
- Vision: Enable a low‑carbon mobility and energy ecosystem through scalable, high‑energy battery technologies.
- Core values: Safety first; innovation and R&D excellence; customer partnership and reliability; sustainability and circularity; global collaboration.
| Key Attribute | Details / Figures |
|---|---|
| Founded | 2002 |
| Ticker (Shanghai STAR Market) | 688567.SS |
| Annual supply (lithium‑ion batteries) | Over 23,000 MWh |
| Geographic footprint | Manufacturing in China, Europe, North America; global sales network |
| Primary markets | Automotive, aerospace, utility-scale & distributed energy storage |
| Notable OEM partners | Mercedes‑Benz, Geely (selected collaborations) |
| R&D focus areas | High‑energy cell chemistries, fast‑charging architecture, battery management systems, pack safety |
| Sustainability focus | Responsible sourcing, recycling programs, circularity initiatives |
Farasis Energy Co., Ltd. (688567.SS) - Overview
Farasis Energy Co., Ltd. (688567.SS) states its mission as 'Provide clean energy, build an intelligent world,' a concise directive that shapes its strategic priorities across technology, operations, and partnerships. The mission emphasizes sustainable energy solutions, environmental responsibility, social impact, and continued technological innovation in energy storage.- Mission focus: deliver clean, reliable lithium-ion energy storage solutions to accelerate electrification and renewable integration.
- Strategic orientation: prioritize R&D, industrial scale-up, and collaborative partnerships with OEMs and integrators.
- Environmental & social commitment: integrate lifecycle management, recycling preparedness, and supplier sustainability into operations.
- Technology emphasis: cell chemistry development, pack-level intelligence, and manufacturing automation to improve energy density, safety, and cost.
- Global positioning: expand production and customer footprint to support EV and stationary storage demand in China, Europe, and other key markets.
- Long-term outlook: align product roadmaps and investments to net-zero transitions and smart energy systems.
| Attribute | Data / Fact |
|---|---|
| Founded | 2002 |
| Headquarters | Ganzhou, Jiangxi Province, China |
| Listed (Ticker) | Shanghai STAR Market, 688567.SS (IPO December 2020) |
| Core products | Lithium-ion battery cells and modules for electric vehicles and energy storage systems |
| Strategic priorities (examples) | R&D investment, manufacturing scale-up, OEM partnerships, recycling & lifecycle solutions |
- R&D allocation: consistent, multi-year investment in cell chemistry, safety, and battery management intelligence to raise energy density and reduce cost per kWh.
- Manufacturing scale: facility expansions and capacity targets aimed at meeting rising EV and ESS demand in domestic and export markets.
- Partnerships & customers: targeted collaborations with vehicle OEMs and industrial integrators to embed Farasis cells and systems into mobility and grid applications.
Farasis Energy Co., Ltd. (688567.SS) - Mission Statement
Farasis Energy's vision is to 'dedicate to technology innovation, lead energy transformation, promote a better life for mankind,' encapsulating a multi-dimensional commitment to technological leadership, clean-energy transition, and societal benefit. The vision drives R&D priorities, strategic partnerships with OEMs, global expansion of manufacturing footprint, and product roadmaps toward higher energy density, improved safety, and lower lifecycle carbon intensity.- Lead energy transformation by developing advanced lithium-ion and next-generation battery technologies (high-nickel NCM, silicon-dominant anodes, solid-state pilot projects).
- Promote adoption of clean energy solutions across automotive, grid storage, and commercial mobility segments.
- Use continuous innovation to improve energy density (Wh/kg), cycle life, charging speed, and total cost of ownership for end users.
- Expand global partnerships with OEMs, Tier-1s, and energy integrators to accelerate electrification at scale.
- Balance commercial growth with environmental stewardship and societal well-being through lifecycle emissions reductions and responsible sourcing.
| Metric | Figure (Latest Reported / Target) | Notes |
|---|---|---|
| Revenue (FY 2023) | RMB 6.2 billion | Consolidated operating revenue for 2023 (approx.) |
| Net Income (FY 2023) | RMB -1.1 billion (net loss) | Reflects heavy R&D and capacity ramp investments |
| R&D Spend (FY 2023) | RMB 525 million | ~8.5% of revenue, focused on cell chemistry and manufacturing tech |
| Global Production Capacity (end 2023) | ~40 GWh | Includes China facilities and overseas JV/plant projects |
| Target Production Capacity (2025) | 60-80 GWh | Planned ramp via new plants and OEM-aligned cells |
| Employees (2023) | ~7,200 | R&D, manufacturing, sales & global operations headcount |
| Key Customers / Partners | Global OEMs and mobility providers | Strategic supply agreements and engineering partnerships |
- Innovation as strategic engine: prioritizing proprietary electrode formulations, electrolyte additives, cell design, and manufacturing automation to raise cell-level energy density and reduce cost per kWh.
- Commercial focus: tailoring cell formats (pouch, prismatic) and battery systems (BMS integration, thermal management) to OEM vehicle platforms and stationary storage projects.
- Sustainability: lifecycle carbon reduction targets, battery recycling pilots, and supplier traceability initiatives to align with global ESG expectations.
Farasis Energy Co., Ltd. (688567.SS) Vision Statement
Farasis Energy Co., Ltd. (688567.SS) envisions becoming a global leader in sustainable energy storage solutions, accelerating the electrification of transport and the decarbonization of industry through advanced battery technologies, scalable manufacturing, and a circular lifecycle approach.- Innovation: Continuous investment in cell chemistry, high-energy-density designs, and fast-charging architectures to improve energy, power and safety metrics across product lines.
- Entrepreneurship: Agile business units and startup-like project teams that drive rapid commercialization from lab to pilot to mass production.
- Collaboration: Deep strategic partnerships with OEMs and suppliers to co-develop tailored battery systems and integrated vehicle solutions.
- Shared success: Equitable growth models linking supplier, partner and customer success to Farasis' long-term value creation.
- Integrity & Transparency - corporate governance aligned with Shanghai STAR Market listing requirements (ticker: 688567.SS), periodic disclosure cadence and third‑party audits across manufacturing sites.
- Sustainability - targets to reduce carbon intensity per kWh produced and adoption of recycled materials and closed‑loop processes in cell manufacturing.
- Customer Centricity - multi-tier qualification programs and NPS-driven feedback loops with OEMs to meet fit, performance and safety requirements.
- Social Responsibility - local community investments in Ganzhou and other plant locations, workforce upskilling, and environmental remediation projects.
| Metric | Value / Target | Context |
|---|---|---|
| Founded | 2002 | Headquartered in Ganzhou, China |
| Stock Ticker | 688567.SS | Listed on Shanghai STAR Market (2021) |
| Global Manufacturing Capacity (announced/target) | ~60 GWh target (near-term scale initiatives) | Expansion programs across China, Europe and North America partnerships |
| R&D Investment (2023, approximate) | ~15% of revenue | Focus on cell chemistry, pack systems, and recycling tech |
| Key OEM Partnerships | Multiple international OEM collaborations (including European automakers) | Co-development and supply agreements for EV platforms |
- Operational excellence - manufacturing yield and safety KPIs tracked at module and cell levels; continuous improvement cycles driven by cross-functional teams.
- Environmental initiatives - programs to minimize water and energy intensity per GWh produced, increase recycled-content in cathode/anode materials, and pilot battery second‑life and recycling lines.
- Customer focus - tailored BMS, thermal management and packaging options to meet segment-specific requirements (passenger EVs, commercial vehicles, stationary storage).
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