New Chinese talent raises funds for advanced battery production

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Chinese company Talent New Energy said it raised more than 100 million yuan in a Series A funding round, hoping to expand its production of solid-state batteries.

Capital of Legend spearheaded the funding, which Talent said would be used to establish an advanced energy materials research institute and a new energy technology industrialization research center in Beijing.

Talent New Energy said its first semi-solid battery production line in Chongqing will be put into production in October this year,

The company, also known as Chongqing Tailan New Energy, said it is accelerating mass production and commercialization of semi-solid-state lithium batteries and hopes to launch a full-solid-state lithium-ion battery for vehicles in the end. of this year. ,.

Legend Capital said the penetration rate of new energy vehicles in China reached 25.3% in April, and according to industry forecasts, it will increase to 35% by the end of the year.

Legend Capital has invested in several energy-focused new economy companies, including Shenzhen-listed Wuxi Lead Intelligent, CNGR Advanced Materials and Colibri Technologies, and Shanghai-listed Putailai New Energy and Hymson Laser.

He was also an early investor in battery giant CATL.

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george russell

George Russell is a Hong Kong-based freelance writer and editor who has lived in Asia since 1996. His work has appeared in the Financial Times, Wall Street Journal, Bloomberg, New York Post, Variety, Forbes, and South China Morning Post. . .


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