HuaSu Technology acquires Dongguan Dazinc, securing a position in the lucrative zinc-nickel battery sector and establishing a high-safety backup as a new growth driver

(Source: Caixin)

By fully integrating the Dongguan Dazin team, the company will strengthen its actual control and business synergy over its subsidiaries, addressing the issue of insufficient control under the joint venture model, further improving its industrial layout in zinc-nickel battery business, and implementing the company’s strategic plan.

On March 13, Huashu Technology (301157.SZ) announced that its controlling subsidiary Huazhin Energy plans to use its own funds or self-raised funds to purchase all operational assets related to water-based zinc battery product research, development, production, and sales from Dongguan Dazin for RMB 51.4139 million.

In May last year, Huashu Technology signed an investment cooperation agreement with Dongguan Dazin to jointly establish the controlling subsidiary Huazhin Energy, officially entering the water-based alkaline battery field. Based on a solid foundation of cooperation, Huashu Technology further acquired related assets of Dazhin Energy to promote the zinc-nickel battery business from planning to substantive implementation.

Huashu Technology stated that this asset purchase is to enable Huazhin Energy to quickly realize business deployment by directly acquiring Dazhin’s mature R&D results, related equipment, and intellectual property in water-based zinc batteries. This transaction is an important strategic move driven by the company’s development plan and the needs of its controlling subsidiary Huazhin Energy, helping it rapidly build technology and production systems, shorten product R&D and commercialization cycles, and respond quickly to market demands. Additionally, by fully integrating the Dongguan Dazin team, the company will enhance its actual control and business synergy over its subsidiaries, solve the problem of insufficient control under the joint venture model, further improve its industrial layout in zinc-nickel batteries, and implement its strategic plan.

The outlook for zinc-nickel battery technology is broad, and the acquisition will create a new growth pole.

As the first professional third-party BMS (Battery Management System) enterprise listed on China’s A-share market, Huashu Technology has always focused on battery safety management. It is a high-tech enterprise integrating R&D, production, sales, and services of backup battery BMS, energy storage battery BMS, power battery BMS, and energy storage 3S products, providing stable and reliable battery safety monitoring products and services for key power users worldwide. Its products are widely used in data centers, energy storage, communications, rail transit, power transportation, finance, petrochemical, and other key fields.

Huashu Technology established Huazhin Energy to leverage its twenty years of expertise and market position in critical backup power supplies, mainly focusing on safe, environmentally friendly, high-performance zinc-nickel batteries to expand its existing industrial layout and business structure.

As a new water-based battery technology route, zinc-nickel batteries have advantages such as high safety, low energy consumption, environmental friendliness, wide application fields, and high recyclability. Against the global push for clean energy transformation and increasing safety requirements in data centers and energy storage sectors, the market prospects are broad. According to WiseGuyReports, the global zinc-nickel battery market is expected to grow strongly, with a compound annual growth rate (CAGR) of 29.9%, from $550 million in 2024 to $4.5 billion in 2032.

Through this asset acquisition, Huazhin Energy will be able to quickly integrate Dazhin’s core technical resources and team, significantly shorten R&D and commercialization cycles, and rapidly build its technology and production systems. This will enable faster response to market demands, further improve Huashu Technology’s industrial layout in zinc-nickel batteries, promote the substantive implementation of its strategic plan, and cultivate new profit growth points, enhancing its overall competitiveness in the AI computing power industry.

“Three-level leap” in strategic position, new energy storage enters “golden five years” development window

Beyond backup batteries, in the field of power energy storage, Huashu Technology has established deep cooperation and joint development with industry leaders, gradually expanding its market share. In the industrial and commercial energy storage sector, standardization and cost optimization have driven rapid growth.

2026 is a key year for deepening power market reforms and for the marketization and standardization of energy storage. Driven by top-level policy design, expanding market demand, and breakthroughs in core technologies, Huashu Technology, with its comprehensive layout in backup BMS, energy storage BMS, power BMS, and energy storage 3S, is entering a golden development window.

The 2026 government work report for the first time emphasized new energy storage alongside the national energy strategy, stating the need to “focus on building a new power system, accelerate smart grid construction, develop new energy storage, and expand green electricity applications.” Since 2024, “new energy storage” has been included in the State Council’s government work report for three consecutive years. From being listed alongside large wind and solar bases in 2024 as a core part of the energy revolution, to being positioned as a “strategic engine of energy transformation” in 2025, and in 2026 being explicitly aligned with the goal of building a new power system, its strategic importance has significantly increased.

Meanwhile, new energy storage has been included as one of the six key emerging pillar industries during the 14th Five-Year Plan period. Preliminary estimates suggest that the output value of these six industries approached RMB 6 trillion by 2025, with expectations to double or more by 2030, expanding to over RMB 10 trillion.

As “new energy storage” shifts from an optional auxiliary technology to a core component of stable energy system operation, related technical routes, standards, and market rules will accelerate over the next five years. Standing at the “golden development” peak of new energy storage, the full acquisition of Dongguan Dazhin is a decisive move by Huashu Technology to accelerate the implementation of its zinc-nickel battery business and seize the critical year of marketization and standardization in energy storage.

Residential and industrial energy storage market reversal, overseas orders explode

Since the beginning of 2026, the residential and industrial energy storage sectors have shown a strong reversal trend. Market data clearly indicate that China’s energy storage industry is advancing rapidly along dual tracks of domestic scale expansion and overseas market development. According to incomplete statistics, in just the first two months of 2026, the industry has secured over 20 GWh of overseas orders, demonstrating an unusual “off-season” strength.

In the context of a booming global energy storage market, Huashu Technology is actively expanding overseas. Its products and services now cover over 50 countries and regions including Southeast Asia, the Americas, Europe, and Oceania. After twenty years of technological innovation and development, the company’s main products have reached advanced domestic levels and have become key suppliers of battery safety management and cloud platform solutions in China’s critical backup power sector.

In November last year, Huashu Technology established a wholly owned subsidiary, Huzhou Huashu Digital Energy Technology Co., Ltd., to expand overseas residential and industrial distributed energy storage systems. Additionally, the company is developing compatible products for HVDC and SST systems.

Currently, the cost reduction driven by large-scale deployment of Chinese energy storage cells and systems gives Chinese manufacturers a significant cost advantage in many overseas regions. Everbright Securities estimates that global energy storage installations will grow by over 60% in 2026, with a CAGR of 30% to 50% from 2027 to 2029. The industry remains optimistic about leading companies in the energy storage supply chain. CESA Energy Storage Application Branch predicts that by 2030, the output value of China’s energy storage industry chain and supply chain will reach RMB 2-3 trillion. By the end of 2030, the global cumulative energy storage capacity is expected to reach approximately 730 GW / 1950 GWh, maintaining strong growth momentum.

Against the backdrop of ongoing power shortages worldwide, domestic and foreign policies are working in tandem. The domestic electricity pricing mechanism is gradually improving, and overseas subsidies for residential energy storage are continuously being implemented. Under multiple policy supports, profitability of various energy storage projects is prominent, industry demand is accelerating, and the high prosperity and growth trend are clear. With the resonance of “policy dividends, market reversal, and technological breakthroughs,” and at the start of the “golden five years,” Huashu Technology is moving from strategic planning to value realization, capturing the growth dividends of a trillion-yuan energy storage market.