# Wuhan Qina New Energy Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wuhan-qina-new-energy-technology

- Industry: Materials
- Headquarters: Wuhan, China
- Latest round: Angel (Apr 3, 2023)
- Investors on record: 1

## About

Established in 2022 and based in Wuhan, China, Wuhan Qina New Energy Technology operates as a battery material company that focuses on developing sodium cathode batteries. The company has a subsidiary in Huanggang. Its core team members came from leading executives of listed companies in the lithium industry, and scientists in the field of material research and development. In 2023, its 1000 tons of composite sodium iron phosphate production line was completed in construction. The company has closed 3 rounds of funding, and its investors including String Capital, Guohua Sanxin Fund, GF Xinde Investment, Ding Xiang Capital, Cuiying Venture Capital and other investors. In November 2023, it raised pre-series A+ funding.

Wuhan Qina New Energy Technology is mainly engaged in the research and development, production and sales of cathode materials for sodium-ion batteries. It has independently developed polyanion compound cathode materials for sodium-ion batteries. The company's core products can achieve a specific capacity of over 110 mAh/g at 0.1C, with a specific capacity of more than 100 mAh/g at 1C. The first-cycle Coulombic efficiency of its products can reach over 95%.

The company will use the funding for the construction of a 10,000-ton mass production line.

## Funding rounds

- Angel, Apr 3, 2023 — China Merchants Venture Investment Management

## Investors

- China Merchants Venture Investment Management (https://capitalatlas.ai/funds/china-merchants-venture-investment-management) — Angel