Greenway Battery

What Greenway Battery does

Greenway Battery (Guangdong Greenway Technology Co., Ltd.; Shanghai STAR Market ticker 688345) is a Dongguan-headquartered lithium-ion battery developer and manufacturer founded in 2010. It designs and produces cells, packs, and battery management systems (BMS) for light electric vehicles (e-bikes, electric motorcycles, scooters), residential and commercial energy storage, consumer electronics, and dedicated fire-protection/power-supply batteries, with a flagship proprietary cylindrical cell platform and a Gingu Bang Battery architecture targeting higher energy density and cycle life. The firm operates a vertically integrated cell-to-pack value chain in China, supplemented by manufacturing in Jiangsu (formerly Kaide New Energy, acquired in 2017) and a localized assembly and trading footprint in Indonesia (operating since Nov 2024) and the US (Delaware subsidiary Jan 2025).

The company monetizes via B2B cell and pack sales to OEMs across LEV, energy storage, and consumer electronics, supplemented by an emerging battery-swap infrastructure offering (DM611 series) with IoT connectivity. It claims the #1 global share position in off-road e-motorcycle batteries and a top-tier rank in LEV lithium-ion packs, supported by 945 patents (75 invention patents), an R&D team of 451-478 personnel, and stacked international certifications (UL, CE, CB, UN38.3, IATF16949, ISO9001/14001/45001). Since its June 2021 STAR Market IPO, Greenway has diversified revenue across light vehicles, energy storage (home and C&I), specialty mobility (golf carts, marine), and consumer electronics while expanding its geographic footprint across Hong Kong, Belgium, Indonesia, and the US.

Name

Greenway Battery

Legal name

Guangdong Greenway Technology Co., Ltd.

Website

https://greenway-battery.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Greenway Battery (Guangdong Greenway Technology Co., Ltd., STAR Market 688345) designs and manufactures lithium-ion cells, battery packs, and BMS for light electric vehicles, residential and commercial energy storage, and consumer electronics, with global #1 share in off-road e-motorcycle batteries and operations across China, Indonesia, the US, and Europe.

Ownership category

akta.pro rank

Product category

Lithium-ion Battery Manufacturing

NAICS

Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motorcycles, Bicycles & Parts (3751)

akta.pro primary industry

Battery Pack & Module Manufacturing (EV) (IMACACAA)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Battery Management Systems (BMS) & Pack Electronics Manufacturing (EUAFABAJ), E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), Batteries & Battery Packs (Rechargeable/Primary, Device-Specific Packs) (CRACATAG)

Keywords

• Lithium-ion batteries
• Electric vehicle batteries
• Energy storage systems
• Battery cells manufacturing
• Light vehicle batteries

Headquarters

HQ city

Dongguan

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations

Revenue model

1. Lithium-ion Battery Products: Greenway generates revenue through the R&D, manufacturing, and sales of lithium-ion batteries across multiple application segments including light vehicles, consumer electronics, and energy storage systems. The company sells battery cells, battery packs, and complete battery solutions to manufacturers and end users.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Greenway Battery (Guangdong Greenway Technology Co., Ltd.) develops, manufactures, and sells lithium-ion battery cells, battery packs, and complete battery solutions across four primary solution categories: Light Vehicle (e-bikes, electric bicycles, electric motorcycles, battery swapping), Energy Storage Systems (portable, household, industrial/commercial, golf cart, marine), Consumer Electronics (robotics, cleaning appliances, medical devices), and Cylindrical Battery Cells (18650 and 34145 formats). The company operates a full-chain manufacturing model spanning material research, cell production, BMS R&D, SMT processing, battery assembly, and after-sales service.

Product overview

Greenway Battery is a lithium-ion battery solution provider offering an integrated portfolio of products across four main solution categories: Light Vehicle (electric bicycles, commuter e-bikes, electric motorcycles, battery-swapping), Energy Storage System (portable, household, industrial/commercial, golf cart, marine), Consumer Electronics (pan-robots, medical devices, cleaning appliances), and Cylindrical Battery Cells (18650 and 34145 formats). The company operates as both a cell manufacturer and system integrator, providing full-chain capabilities from material research and cell manufacturing through BMS R&D, SMT processing, battery assembly, and after-sales service. Key technology brands include the Gingu Bang Battery for two-wheelers and the Automotive-grade 400V Platform for high-speed electric motorcycles. Products are distributed globally through subsidiaries in Hong Kong, Europe, the United States, and manufacturing bases in China and Indonesia.

Differentiator

Problem solved

Functional benefit

Brands

• Gingu Bang Battery: Specially designed battery for electric two-wheelers featuring full-tab technology, steel-cased cylindrical structure, with high safety, long lifespan, and low-temperature stability.

Products and services

• Light Vehicle Battery Solutions Comprehensive lithium-ion battery solutions for light vehicles including e-bikes, electric bicycles, and electric motorcycles. Covers electric power assisted bicycles with multiple mount types (in-tube, rear rock, on-tube, range extender), commuter e-bikes at 400W-25km/h with CCC certification, electric motorcycles with ultra-long range up to 100km, and battery-swapping solutions with built-in IoT modules.
• Electric Power Assisted Bicycle Battery Series Lithium-ion batteries for electric bicycles featuring international brand battery cells, multiple mount configurations (In-Tube, Rear Rock, On-Tube, Range Extender), EN50604/UL certification, and intelligent BMS for precise power management. Models include DZ-ZZ209, DZ-ZZ098, DZ-ZZ060, DZ-ZZ035, DZ-ZZ019, NZ533, DZ-ZZ218, YJ07, YJ145, DZ-ZZ287, DZ625, SH59, DZ-SH07.
• Commuter E-bike Battery Solution (400W-25km/h)

Quantifiable outcome

• Global No.1 market share in off-road e-motorcycle batteries
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Central South UniversitycoreStrategic or Co-development PartnerIndustry-academia-research collaboration for cutting-edge lithium battery technology development. Greenway has carried out in-depth cooperation with Central South University on research and development of advanced battery technologies.
• South China University of Technology (华南理工大学)coreStrategic or Co-development PartnerIndustry-academia-research collaboration partner for battery technology innovation and development.
• Guangdong University of Technology (广东工业大学)coreStrategic or Co-development PartnerIndustry-academia-research collaboration partner for technology development and talent recruitment.
• South China Agricultural University (华南农业大学)coreStrategic or Co-development PartnerIndustry-academia-research collaboration partner for battery technology and related research.
• SGScoreStrategic or Co-development PartnerGreenway's battery testing laboratory has obtained certification and authorization from SGS, a world-renowned inspection agency. SGS partnership enables testing and certification covering international standards including IEC 62133-2 and UL 2054.
• CNAS (China National Accreditation Service for Conformity Assessment)coreStrategic or Co-development PartnerGreenway's battery testing laboratory has obtained CNAS certification, established in strict compliance with ISO 17025:2017 standard for testing and calibration laboratories.
• G-end PartnersminorStrategic or Co-development PartnerStrategic partnership for joint development of grid charging vehicles with aluminum wire welding technology. Cooperated with G-end partners to develop electric motorcycles with advanced battery technology.

Scale indicators15 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• EVE Energy: China-based Li-ion battery manufacturer specializing in cylindrical cells (18650, 21700), consumer electronics batteries, and ESS. Direct competitor to Greenway in cylindrical cells, consumer electronics batteries, and energy storage product lines.
• BAK Battery: China-based lithium-ion battery manufacturer with strong presence in cylindrical cells (18650, 21700), e-bike batteries, and ESS. Direct competitor to Greenway across both light vehicle and cylindrical cell product lines.
• Gotion High-Tech: Chinese Li-ion battery maker with products spanning EV batteries (LFP cells), ESS, and light vehicle applications. Direct competitor in ESS and e-mobility battery markets with international manufacturing footprint including potential overlap in Indonesia/Europe strategy.
• Shenzhen BAK Power Battery: Specialized Chinese Li-ion cylindrical cell maker focused on power batteries for e-bikes, e-motorcycles, and ESS. Direct competitor in cylindrical cell and light vehicle battery segments, with overlap in off-road e-motorcycle niche.
• Sunwoda Electronic: China-based battery manufacturer with strong position in consumer electronics (smartphones, wearables) and energy storage batteries, with growing e-mobility presence. Direct competitor to Greenway's consumer electronics and ESS product lines.
• BMZ Group: European-based battery system integrator specializing in e-bike batteries, power tools, and industrial Li-ion solutions. Comparable to Greenway's European e-bike battery business and serves as direct competitor for European OEM customers.

Broad incumbents

• CATL (Contemporary Amperex Technology): World's largest lithium-ion battery manufacturer. Directly comparable as a Chinese Li-ion battery cell and pack maker, though vastly larger and serving EV automotive OEMs primarily. Greenway competes in adjacent e-mobility and ESS segments.
• BYD Company (Battery Business): Vertically integrated battery and EV manufacturer. While primarily known for automotive and energy storage, BYD competes with Greenway in cylindrical cells and consumer electronics battery segments through its subsidiary FinDreams.
• LG Energy Solution: Major Korean battery maker with broad Li-ion portfolio including cylindrical cells (18650, 21700), pouch cells for EVs, and ESS. Competes with Greenway in cylindrical cell and ESS markets globally, particularly in European and North American channels.
• Envision AESC: Global battery manufacturer with strong ESS and EV battery operations, including manufacturing in China, UK, US, and Japan. Comparable in cylindrical cell technology and ESS systems, though more focused on larger-format automotive applications.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/GreenwayBattery
• Facebookfacebook.com/Boliweibattery

Compliance30 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greenway Battery