Shenzhen, China – In the presence of government agencies, intermediaries, partners, and distinguished guests, Mr. Xu Tao, Chairman of SOFAR, officially rang the opening bell at the Shenzhen Stock Exchange on April 2, signifying the company’s listing on the ChiNext Board (Stock Code: 301658).
This listing represents a pivotal milestone in SOFAR’s growth, underscoring its entrance into global capital markets and further advancing the integration of technology and capital amid the worldwide energy transition and China’s “Dual Carbon” ambitions. It also highlights the company’s sustained commitment to promoting clean and renewable energy solutions.
A Journey of Technological Excellence and Global Growth
Established in 2013, SOFAR has dedicated itself to solar power conversion, storage, and management. Its core product lineup spans 1–350kW string inverters, 3–20kW solar energy storage inverters, storage batteries, and photovoltaic system accessories, delivering comprehensive energy solutions to residential, commercial, industrial, and large-scale ground-mounted solar power facilities.
Driven by China’s “Dual Carbon” objectives and the expanding global need for low-carbon energy, solar power and other green solutions have experienced rapid adoption worldwide. As an early champion of clean energy, SOFAR continues to lead in this transformative era by providing reliable, high-quality green solutions. By June 2024, its global inverter shipments exceeded 34GW, achieving a compound annual growth rate of over 100% between 2020 and 2022. Through robust product quality and comprehensive solar-plus-storage offerings, SOFAR has secured a top-five ranking among Chinese photovoltaic inverter brands and global energy storage inverter brands, and has been recognized as a “TOP BRAND PV” by EUPD Research in India, Poland, the UK, Italy, Brazil, and Australia.
Building a Green, Low-Carbon Future Globally
SOFAR maintains a competitive global advantage through its cohesive approach to product innovation, technological leadership, market expansion, and customer service. The company operates three worldwide R&D centers and two major manufacturing bases, with a global supply chain that reaches over 100 countries and regions. To better meet the needs of diverse markets, SOFAR has established localized service platforms in more than 20 countries, including the UK, Poland, and Germany, complemented by after-sales service centers in Poland and the Czech Republic and a warehousing hub in the Netherlands. This localized strategy, supported by global roadshows, multinational exchange summits, specialized recruitment programs, and digital service platforms, has resulted in a three-tier service system—headquarters, regional, and local—which enhances agility in capturing market opportunities and mitigating regional fluctuations. Currently, over 95% of SOFAR’s overseas workforce comprises local talent.
Investing in Innovation for a Sustainable Future
While broadening its global footprint, SOFAR is also embracing the rise of energy digitization by boosting its investment in research and development. As of June 2024, more than 25% of SOFAR’s employees are dedicated to R&D, and the company holds 250 authorized patents, including 105 invention patents, 94 utility model patents, and 51 design patents. This firm commitment to technological innovation continues to propel the industry toward more sustainable development.
A New Chapter in Capital Market Development
SOFAR’s successful listing on the ChiNext Board stands as a testament to its unwavering pursuit of excellence over the past 12 years, from the launch of its first photovoltaic inverter to its complete portfolio of solar energy storage solutions. Now active in over 100 countries and regions, SOFAR has emerged as a robust and self-assured force in the global green energy landscape.
Looking ahead, the company will continue to prioritize technological innovation and execute on a worldwide growth strategy. By harnessing capital market resources, SOFAR plans to accelerate its expansion in the renewable energy sector, strengthen collaboration and innovation with partners across the value chain, and foster the responsible, orderly development of the solar energy storage industry. At the same time, SOFAR remains steadfast in fulfilling its social responsibilities, contributing actively to the global transition toward clean energy and sustainable development.
