# Xiangying New Energy Technology

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

- Industry: Energy Storage & Batteries
- Headquarters: Changzhou, China
- Total disclosed funding: $14M
- Latest round: Series A (Dec 22, 2022)
- Investors on record: 4

## About

Based in Changzhou, China, and founded in 2016, Xiangying New Energy Technology operates as a new energy battery materials developer, focusing on the supply of high-end materials for lithium-ion batteries. In September 2022, the company's sodium ion battery layer oxide cathode material has achieved 3000 tons/year scale production. In December 2022, Xiangying New Energy Technology raised CNY 100 million in series A funding led by new investor Goldensum Asset Management, with participation from other new investors Congrong Investment, Qiadao Investment, Nanotrend Venture Capital and other unspecified investor.

Xiangying New Energy Technology is dedicated to the research and development of cathode ternary materials and battery material technology. The company can also provide new energy lithium battery material products for customers. The company have provided samples or products for more than 200 battery factories, and its products can be applied to electric vehicles, two-wheelers, energy storage field, and 3C digital field.

The company plans to have a capacity of 15,000 tons/year in 2023 with 4 new production lines, 40,000 tons/year in 2024 with 8 new production lines, and 100,000 tons/year in 2025 with 20 new production lines.

## Funding rounds

- Series A, Dec 22, 2022, $14M — Qiadao Investment, Congrong Investment, Goldensum Asset Management, Nanotrend Capital

## Investors

- Qiadao Investment — Series A
- Congrong Investment — Series A
- Goldensum Asset Management (https://capitalatlas.ai/funds/goldensum-asset-management) — Series A
- Nanotrend Capital (https://capitalatlas.ai/funds/nanotrend-capital) — Series A