Hanergy was founded in September 1989 by
Li Hejun, under the name
Yuancheng Pulisen Investment Co., Ltd. It changed its name to
Hetaihe Economic and Trade Development Co., Ltd. and then Huarui Group, before settling on Hanergy Holding Group in August 2008. After its founding in 1989, Hanergy was involved in an electronic components business. In 2010, it acquired a controlling stake in the Hong Kong listed Apollo Solar Energy Technology Holdings Ltd., which in 2012, after merging with Hanergy New Energy Research and Development, was renamed Hanergy Solar Group, Ltd. and later Hanergy Thin Film Power Group, Ltd. In 2012, Hanergy acquired glass-based
copper indium gallium selenide solar cells thin-film modules manufacturer Solibro from
Q-Cells and a copper indium gallium selenide solar cells and cell manufacturing equipment manufacturer
MiaSolé. In 2013, it acquired copper indium gallium selenide photovoltaic modules manufacturer
Global Solar Energy. In 2014, it acquired a
gallium arsenide photovoltaic manufacturer
Alta Devices. In 2015, Hanergy established Solibro Hi-Tech GmbH and Solibro Research AB but disposed of its shareholding in Solibro GmbH, which applied for insolvency in 2019. In September 2012, Hanergy reached an agreement with
IKEA to distribute copper indium gallium selenide solar small-scale rooftop photovoltaic systems ("residential kits") in the United Kingdom, expanding into the Netherlands and Switzerland in the following two years. However, in November 2015, IKEA announced that it would no longer be partnering with Hanergy on the project. In March 2013, Hanergy entered into a photovoltaic energy management contract with
FAW-Volkswagen to install
rooftop photovoltaic power stations on their plant in
Foshan, Guangdong. In April 2014, Hanergy partnered with
Tesla to provide thin-film solar technology to power their solar-powered charging stations in
Beijing and
Shanghai. In June 2014, Hanergy signed a partnership agreement with
Aston Martin Racing to use solar power to improve racecar performance at the
FIA World Endurance Championship. At the same month, Hanergy signed an agreement to become the official solar energy partner of the Beijing ePrix for the
FIA Formula E Championship. In January 2015, Hanergy announced a photovoltaic energy management cooperation with
Guangqi Honda to install 17 MW of distributed PV on the rooftops of existing and future factories in
Guangzhou, Guangdong. On May 19, 2015, Hanergy Thin Film Power shares were suspended at the Hong Kong Exchange after crashing by 47%. On May 28, Hong Kong's market regulatory body, the
Securities and Futures Commission announced an investigation into the company. On July 15, 2015, the Securities and Futures Commission ordered the suspension of all Hanergy Thin Film Power's shares, a move that prevented the firm from relisting on its own will. On October 23, 2018, Hanergy announced a plan to privatize and relist Hanergy Thin Film Power on the Chinese mainland. Hanergy Thin Film Power was delisted from the Hong Kong stock exchange on June 11, 2019. The Beijing Third Intermediate People's Court has confirmed that Hanergy Thin Film Power should sell its 40.48% and 10.88% mortgaged holdings in the Jinanqiao Hydroelectric Power Station. Its main shareholder, another Hanergy's company Hanergy Mobile Energy Holding Group has confirmed that it will bid for these shares. In May 2017, Hanergy cooperated with leading
bike-sharing company,
Mobike, to install solar modules to provide the electricity for their
smart lock and
GPS system. Other than Mobike, Hanergy also signed similar partnerships with MTbike and 99 Bicycle. In December 2017, Hanergy signed a strategic cooperation agreement with
Beijing Electric Vehicle (BAIC BJEV) to install thin-film modules on the roofs of vehicles to provide auxiliary power and on
electric vehicle charging stations to offer smart battery charging. In August 2017, Hanergy partnered with
Audi to design and integrate their solar cells into panoramic glass roofs to increase the range of Audi electric vehicle by feeding solar energy into internal electrical systems, such as air conditioning and other appliances. In July 2018, Hanergy signed a strategic cooperation agreement with
Bolloré to design, manufacture and produce
solar electric vehicles. In December 2018, Hanergy partnered with
Boeing to provide thin film solar modules for their "Perpetual Aircraft"
unmanned aerial vehicle. In April 2019, Hanergy cooperated with
NASA to provide 60 ThinSats, Hanergy's solar-powered
satellites, for scientific analysis of the atmosphere on their
NG-11 mission. On April 3, 2019, Li Hejun resigned as a director and chairman of the company and transferred his shares to his sisters Li Xue and Li Xia, who control his interest on his behalf. In May 2019, Hanergy announced a partnership with
DHL to become the provider of CIGS flexible solar panels for the rooftops of their commercial vehicles in the
UK and
Germany. Also in May 2019, Hanergy signed an agreement for a strategic co-operation with
Deuter to collaboratively design and develop
solar backpacks for the global market. It also signed a strategic cooperation agreement with
U.S. Green Building Council to jointly foster the application of thin-film solar power products and technologies in buildings globally. In July 2019, Hanergy signed a strategic partnership with
TAM-Europe to integrate flexible thin-film modules and create solar-powered
airport shuttle buses. In January 2020, Solibro Hi-Tech GmbH filed insolvency. ==Operations==