Pylon Technologies Co., Ltd.

Pylon Technologies Co., Ltd. (Pylontech) is an energy storage battery system R&D company in Shanghai, China. Its official website presents it as dedicated to energy storage, with a global delivery footprint for ESS.

Pylon Technologies Co., Ltd. (Pylontech; Chinese: 上海派能能源科技股份有限公司) is a Chinese company specializing in batteries and energy storage systems, headquartered in Shanghai. It was founded in 2009. In 2022, the company achieved revenues of 6 billion CNY. During the same period, it was one of the world's three largest suppliers of home energy storage products, alongside Huawei and BYD. In 2023, together with the Italian company Energy SpA, it established a joint venture, Pylon LiFeEU, specializing in the production of lithium iron phosphate batteries.

• 2023

  Pylon Technologies and the Italian company Energy SpA established the joint venture Pylon LiFeEU, specializing in the production of lithium iron phosphate batteries.

• 2022

  The company achieved revenues of 6 billion CNY and ranked among the world's three largest suppliers of home energy storage products, alongside Huawei and BYD.

• 2009

  Pylon Technologies was founded in Shanghai, China.

• Energy storage battery systems

  The company specializes in batteries and energy storage systems, including lithium iron phosphate cells, modules, and energy storage battery systems.

• Home energy storage products

  Pylon Technologies is one of the world's three largest suppliers of home energy storage products.

• Lithium iron phosphate batteries

  Through the joint venture Pylon LiFeEU, the company produces lithium iron phosphate batteries.

• 2023

  Chairman placed under investigation and detention; shareholder warned over illegal share reduction

  In May 2024, Wei Zaisheng, chairman of "the first energy-storage stock" Pylontech, was placed under investigation and detained; the reasons were not disclosed. Before the stock plunged, a shareholder was suspected of well-timed share reduction; previously, shareholder Beijing Rongtong Gaoke was issued a warning letter by the Shanghai Securities Regulatory Bureau for illegal share reduction. Investigation ongoing; warning letter.

  Source

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1. 1Pylontech Global - Battery Energy Storage System, Home, Utility, C&I, Pylon Technologies Co. Ltd. Pylontech Website, Pylon Technologies Co., Ltd.en.pylontech.com.cn
2. 2Company Profile Pylontech Website, Pylon Technologies Co., Ltd.en.pylontech.com.cn
3. 3Contact Us Pylontech Website, Pylon Technologies Co., Ltd.en.pylontech.com.cn
4. 4Sustainability Pylontech Website, Pylon Technologies Co., Ltd.en.pylontech.com.cn
5. 5Pylon Technologies Co., Ltd.wikidata.org
6. 6Pylon Technologiespl.wikipedia.org
7. 7Chairman placed under investigation and detention; shareholder warned over illegal share reductionnews.qq.com
8. 8Chairman placed under investigation and detention; shareholder warned over illegal share reductionfinance.cnr.cn