# Hithium

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hithium

- Industry: Energy Storage & Batteries
- Headquarters: Xiamen, China
- Website: www.hithium.com
- Total disclosed funding: $901M
- Latest round: Series C (Jul 5, 2023)
- Investors on record: 22

## About

Established in 2019 and based in Xiamen, China, Hithium is an energy storage battery product development company, specializing in the development and production of core battery materials, energy storage batteries, etc. The company is incubated in the 10 billion key projects introduced in Xiamen, and is also a national high-tech enterprise. It's R&D team comes from the field of electrochemical energy storage, while the company insists on investing more than 6% of its annual sales revenue in R&D and innovation activities. In July 2023, the company closed a round of over CNY 4.5 billion series C funding.

The company's products are mainly energy storage batteries, which are divided into square batteries, cylindrical batteries, battery modules and battery clusters, of which the capacity of the batteries ranges from 50Ah to 320Ah. The company's battery series products are mainly used in the fields of power generation side energy storage, grid side energy storage and user energy storage, providing dynamic capacity expansion for transmission hubs and helping users to reduce electricity costs.

The company expects to reach 135GWh annual capacity target by 2025.

## Funding rounds

- Series C, Jul 5, 2023, $623M — China International Capital Corporation, CS Capital, Goldstone Capital, MPC, Capital Development Investment Fund, China National Venture Capital Investment, CDH Baifu Capital, China Life Capital, Hefei State-Owned Assets Holding, Beijing Financial Street Capital Operation Group, Shanxi Zhongbing Investment Fund Management, China-U.S. Green Fund, Fenghe Capital, Bank Of China Financial Assets Investment, Qianhai Zhongchuang, ABC International Capital
- Series B, Oct 18, 2022, $278M — Goldwind Science & Technology, MPC, CCB Private Equity Investment Management, Xiamen Venture Capital, Shengtun Tianyu Capital, Xiamen Torch Group Capital, Dayone Capital, Fenghe Capital, ABC International Capital

## Investors

- Goldwind Science & Technology — Series B
- MPC — Series B, Series C
- CCB Private Equity Investment Management (https://capitalatlas.ai/funds/ccb-private-equity-investment-management) — Series B
- Xiamen Venture Capital (https://capitalatlas.ai/funds/xiamen-venture-capital) — Series B
- Shengtun Tianyu Capital (https://capitalatlas.ai/funds/shengtun-tianyu-capital) — Series B
- Xiamen Torch Group Capital — Series B
- Dayone Capital (https://capitalatlas.ai/funds/dayone-capital) — Series B
- Fenghe Capital — Series B, Series C
- ABC International Capital (https://capitalatlas.ai/funds/abc-international-capital) — Series B, Series C
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series C
- CS Capital — Series C
- Goldstone Capital — Series C
- Capital Development Investment Fund (https://capitalatlas.ai/funds/capital-development-investment-fund) — Series C
- China National Venture Capital Investment — Series C
- CDH Baifu Capital (https://capitalatlas.ai/funds/cdh-baifu-capital) — Series C
- China Life Capital — Series C
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series C
- Beijing Financial Street Capital Operation Group — Series C
- Shanxi Zhongbing Investment Fund Management (https://capitalatlas.ai/funds/shanxi-zhongbing-investment-fund-management) — Series C
- China-U.S. Green Fund — Series C
- Bank Of China Financial Assets Investment — Series C
- Qianhai Zhongchuang — Series C