SOFAR Debuts On Shenzhen Stock Exchange

SOFAR, a China-based solar and energy storage solution provider, made its debut on the ChiNext Board of the Shenzhen Stock Exchange (Stock Code: 301658) on April 2. Chairman Xu Tao rang the opening bell in the presence of government officials, partners, and industry stakeholders.  The listing marks support the company’s role in China’s “Dual Carbon” goals and the global energy transition.

Technological Growth and Global Reach

Founded in 2013, SOFAR focuses on solar power conversion, energy storage, and system management. Its product range includes 1–320 kW string inverters, 3–20 kW storage inverters, storage batteries, and photovoltaic accessories. By June 2024, the company’s inverter shipments had surpassed 34 GW, achieving a compound annual growth rate of over 100% between 2020 and 2022. SOFAR ranks among the top five Chinese photovoltaic inverter and global energy storage inverter brands and has been recognized by EUPD Research as a “Top Brand PV” in markets including India, the UK, Poland, Brazil, Italy, and Australia.

Global Expansion and Localized Services

The company operates three R&D centers and two manufacturing bases, with a supply chain spanning more than 100 countries. It has established localized service platforms in over 20 countries and maintains after-sales centers in Poland and the Czech Republic, with a warehousing hub in the Netherlands. Over 95% of SOFAR’s overseas workforce comprises local employees.

Innovation for the 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.

SOFAR’s ChiNext listing marks a new chapter in its development, aimed at accelerating global expansion, enhancing collaboration across the value chain, and advancing the solar-plus-storage sector. The company said it remains committed to its social responsibilities and to supporting the global shift to clean energy.