Londian Wason New Energy Tech, a China-based producer of copper foils and laminates, filed on Thursday with the SEC for an initial public offering we estimate could raise up to $350 million.
Londian Wason New Energy Tech is a Shenzhen-based manufacturer of electrolytic copper foil, a key material used in lithium-ion EV batteries, as well as electric energy meters and energy storage systems. The company has grown into one of the world's largest producers of lithium battery copper foil by capacity and market share, operating multiple production bases across China plus one under construction in Malaysia. Its product range spans high-performance lithium battery copper foil, electronic circuit foils (RTF and HVLP), and flexible copper-clad laminates, used across EV batteries, 5G communications, consumer electronics, and energy storage. Its customer base includes major global battery makers such as CATL, BYD, LG Energy Solution, Samsung SDI, and Panasonic.
The Shenzhen, China-based company was founded in 2001 and booked $1.6 billion in revenue for the 12 months ended December 31, 2025. It plans to list on the NYSE, although it has not yet selected a symbol (RC ticker: LOND.RC). Londian Wason New Energy Tech filed confidentially on July 31, 2024. Cantor Fitzgerald, Huatai Securities, CMB International Capital, US Tiger Securities, and Fortune (HK) Securities are the joint bookrunners on the deal.
