Innovation
Sungrow Founder Cao Renxian Quietly Builds $50 Billion Battery Empire Amid Global Energy Storage Boom
Cao Renxian, the low-profile founder of Sungrow Power Supply Co., has become one of China’s wealthiest industrial leaders by quietly shaping the world’s energy future. As the company gears up for a major Hong Kong IPO that could raise nearly $2 billion, Sungrow’s success is thrusting Cao—