Tianneng Power International

What Tianneng Power International does

Tianneng Power International Ltd. (HKEX: 00819.HK), founded in 1986 in Changxing, China, and headquartered in Hong Kong, is a publicly listed manufacturer of new energy power batteries whose revenue is anchored in lead-acid motive batteries for light electric vehicles (electric bicycles, tricycles, scooters, and light motorcycles). The company complements this legacy base with a parallel portfolio covering lithium-ion, hydrogen fuel cell, sodium-ion, and solid-state batteries, alongside lead-carbon systems for stationary energy storage. Its core product technology rests on proprietary lead-acid formulations (low calcium/high tin alloy, rare-earth alloys) and continuous casting/rolling processes that extend cycle life, plus recycling operations recovering lead ingots, sulfuric acid, plastics, and battery-grade lithium compounds at rates exceeding 99%.

The business model is B2B hardware sales through direct OEM relationships with light EV manufacturers, automotive start-stop customers, energy storage integrators, and hydrogen transit-bus operators (deployed in Zhejiang and Jiangsu). Go-to-market blends enterprise field sales, automotive aftermarket distribution for replacement batteries, export sales via an overseas business division, and a new Indonesia representative office opened in June 2024 to serve Southeast Asia. Group leadership is family-controlled, with founder/Chairman Zhang Tianren (39 years of battery industry tenure) and Executive Director Zhang Aogen overseeing a wholly-owned manufacturing footprint in Changxing, Wuhu, and Anhui, plus a separately Shanghai-STAR-Market-listed operating subsidiary, Tianneng Battery Group (688819.SH).

Financially, Tianneng generated RMB 53.8 billion in 2025 revenue (down from RMB 76.7 billion in 2024) with RMB 1.44 billion in attributable profit and RMB 1.28 basic EPS, against RMB 55.1 billion of total assets and RMB 20.3 billion of net assets. Growth has reversed sharply: Q1 2026 net profit fell 82.14% year-over-year to RMB 75.084 million on macro headwinds, shrinking sales, and rising raw material costs, even as the company funds next-generation battery development through subsidiary corporate bond issuances completed in May and June 2026.

Name

Tianneng Power International

Legal name

Tianneng Power International Ltd.

Website

https://tianneng.com.hk

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

101–250 employees

Short description

Tianneng Power International is a Hong Kong-listed Chinese battery manufacturer, founded in 1986, producing lead-acid motive batteries for light electric vehicles alongside lithium-ion, hydrogen fuel cell, sodium-ion, and solid-state batteries for OEM and energy storage customers.

Ownership category

akta.pro rank

Product category

Batteries and Energy Storage

NAICS

Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ), Solid-State Battery Materials & Cell Manufacturing (EUAFABAH), Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE)

Keywords

• Lead-acid batteries
• Lithium-ion batteries
• Energy storage systems
• Battery recycling
• Hydrogen fuel cells

Headquarters

HQ city

Changxing

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Lead-acid Battery Sales: Primary revenue stream from manufacturing and selling lead-acid motive batteries for light electric vehicles (two-wheeled, three-wheeled EVs, light motorcycles), lead-carbon energy storage batteries, and automotive start-stop batteries
2. New Energy Battery Products: Revenue from lithium-ion batteries for ESS and motive applications, hydrogen fuel cells, sodium-ion batteries, and solid-state batteries for emerging applications
3. Recycling and Circular Economy: Revenue from recycling operations producing再生铅(lead ingots), sulfuric acid, plastic shells from used lead-acid batteries, and lithium recycling products including cobalt sulfate, nickel sulfate, manganese sulfate, lithium carbonate

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Tianneng Power International manufactures and sells a diversified portfolio of batteries including lead-acid motive batteries, lithium-ion batteries, hydrogen fuel cells, sodium-ion batteries, and solid-state batteries, primarily serving the light electric vehicle, automotive, industrial, and energy storage markets in China and overseas. The company also operates a circular-economy business that recycles used batteries to recover lead and other materials.

Product overview

Tianneng Power International is a leading new energy power battery company in China, founded in 1986 and listed on the Hong Kong Stock Exchange in 2007. The company operates a multi-technology battery portfolio organized around three core business segments: (1) High-tech Eco-friendly Batteries including lead-acid motive batteries, start-stop batteries, and lead-carbon energy storage systems; (2) New Energy Batteries covering lithium-ion batteries, hydrogen fuel cells, sodium-ion batteries, and solid-state batteries; and (3) Green and Renewable Materials encompassing lead-acid and lithium-ion battery recycling services. The company focuses on the light electric vehicle market while expanding into energy storage, automotive starter systems, and next-generation battery technologies including hydrogen and solid-state batteries.

Differentiator

Problem solved

Functional benefit

Products and services

• Lead-acid motive batteries

Quantifiable outcome

• Lead-acid motive battery cycle life increased through low calcium high tin alloy formula and continuous casting rolling process
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered minor, strategic and core.

• Indonesia Zhejiang Chamber of CommerceminorOthers · 29 June 2024Secretary General of Indonesia Zhejiang Chamber of Commerce attended the grand opening ceremony of Tianneng Group's Indonesia Office on June 29, 2024, supporting Tianneng's market entry and local business development in Indonesia.
• Ho Chi Minh City University of Science and Technology (Vietnam)strategicStrategic or Co-development Partner · 29 April 2024International industry-university-research cooperation partnership for exploring new energy development. Tianneng Group and the Vietnamese university are collaborating on research and development initiatives in new energy battery technology.
• New Energy Vehicle Operation EnterprisescoreStrategic or Co-development PartnerStrategic cooperation with new energy vehicle operation enterprises for battery recycling. Tianneng holds dual white-list qualifications for recycling ( 재생利用) and cascade utilization (梯次利用), collaborating with NEV operators for end-of-life battery management.
• Canton Fair Participation PartnersminorGTM or Marketing PartnerTianneng participates in the China Import and Export Fair (Canton Fair) as a regular exhibitor, utilizing this platform to showcase products to international buyers and establish trade relationships.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• CATL: Global leader in EV and ESS lithium-ion batteries, with expanding sodium-ion and solid-state programs. Sets the competitive bar for Tianneng's lithium and next-gen chemistry business.
• EnerSys: Global leader in industrial lead-acid and lithium batteries for motive, reserve power and aerospace applications, comparable to Tianneng's industrial and motive battery portfolio.
• GS Yuasa: Global Japanese lead-acid and lithium-ion battery incumbent serving automotive, industrial and motorcycle markets — broad incumbent analogue to Tianneng's automotive and motive battery business.
• Exide Industries: India's largest lead-acid battery maker serving automotive, industrial, motive and submarine applications — broad emerging-market incumbent with overlapping product portfolio.

Direct peers

• GEM Co. Leading Chinese battery recycling and urban mining company focused on cobalt, nickel and lithium recovery from end-of-life batteries — directly comparable to Tianneng's lithium-ion recycling franchise.
• Chilwee Group: China's other dominant lead-acid motive battery supplier for electric two-wheelers, three-wheelers and light EVs. Most direct head-to-head competitor to Tianneng in the Chinese LEV battery market.
• Coslight Technology: Chinese lead-acid and lithium battery manufacturer serving automotive, motive and energy storage markets, with comparable product mix to Tianneng's high-tech eco-friendly battery segment.
• Narada Power Source: Chinese battery maker spanning lead-carbon, lithium-ion and stationary energy storage, directly overlapping Tianneng's lead-carbon ESS and motive battery lines.
• Fengfan (Baoding) Storage Battery: One of China's oldest lead-acid battery makers, competing in automotive starter batteries and ESS — a near-direct peer in Tianneng's legacy lead-acid business.
• Camel Group: Major Chinese manufacturer of automotive lead-acid starter batteries and EV power batteries. Closely comparable product portfolio in start-stop and motive batteries.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Tianneng Power International