# Shenzhen Weifang Energy Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-weifang-energy-technology

- Industry: Energy Storage & Batteries
- Headquarters: Shenzhen, China
- Website: www.szwfny.com
- Latest round: Series A (Sep 2, 2022)
- Investors on record: 1

## About

Based in Shenzhen, China, and founded in 2013, Shenzhen Weifang Energy Technology is a battery company focusing on the R&D, and manufacturing of sodium-ion batteries. It has an 80 research team members including 5 doctors and has 22 invention patents. It entered the research and development of sodium-ion batteries in 2013. In 2017, it set up energy research institute, which covers 3,000 square meters in Guizhou province. The company completed the production of single-cell samples in 2021.  And the pilot production line of sodium materials and electric core has been set up, it's the production capacity has reached 100 MWh per year. In July 2023, Shenzhen Weifang Energy Technology raised pre-series B funding from new investor Newonder Special Electric Co., Ltd.

The company has both water-based sodium-ion batteries and organic sodium ion battery dual system technology lines, which can be applied in photovoltaic energy storage, base stations, substations high voltage lines, electric vehicles, and wind power. Sodium-ion battery has the advantages of low cost, high energy density, high cycle times, and environmental protection.

## Funding rounds

- Series A, Sep 2, 2022 — Qinghao Capital

## Investors

- Qinghao Capital (https://capitalatlas.ai/funds/qinghao-capital) — Series A