By Li Panpan

China’s leading connection system provider Recodeal(瑞可达), plans to put into production its first overseas factory in Monterrey, Mexico, in the second half of 2023, with business related to new energy vehicles, energy storage, and photovoltaics to serve the North American market, reported JW Insights on December 2.

The Suzhou-based Recodeal shared this information during an investor relations Q&A on December 1.

Founded in January 2006 and listed on the Shanghai Stock Exchange in July 2021, Recodeal specializes in the design and manufacture of connection systems and microwave components used in new energy vehicles, communications, and industrial applications.

The company said going international and building a localized supply chain is one of its strategies to serve global customers. It has established an investment platform and an overseas headquarter in Singapore.

Recodeal has enjoyed fast growth in the energy storage market; Its clients include CATL, Sungrow, EVE Battery, Trina Solar, Sineng Electric, GoodWe, and Span.io.