# Yinlong New Energy Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yinlong-new-energy-co

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Zhuhai, China
- Website: www.zhyle.com
- Latest round: Series A (Feb 29, 2016)
- Investors on record: 9

## About

Based in Zhuhai, China, and established in 2009, Yinlong New Energy Co.,Ltd. is a manufacturing company that focuses on research and development of lithium batteries and electric vehicles. It has 7 industrial parks in Tianjin, Luoyang, Nanjing, and other cities. The company has two brands, which are Guangtong Automobile and Aotai energy storage systems. It acquired honors such as the Global Top 500 New Energy Companies List and Guangdong Provincial Enterprise Technology Center. In 2021, it became the controlling subsidiary of Gree Group. In December 2023, it raised a strategic investment for CNY 1.015 billion.

The company's products include electric vehicles, energy storage systems, lithium titanate batteries, and motor charging equipment. The lithium titanate battery series products can be used in industrial and commercial parks, communication base stations, rail transportation, military research, and other energy storage fields. The products have been used in more than 30 countries such as Denmark, Switzerland, and Finland.

In 2022, the company's revenue was CNY 2.587 billion and net income was CNY -1.905 billion.

## Funding rounds

- Series A, Feb 29, 2016 — Sino-Ocean Capital, Hangzhou Zhuoshi Equity Investment Fund Partnership, Beijing Chang'an Deruiwei Investment, Shanghai Xingpu Capital Management, Beijing Bashi Media Co.,Ltd
- Series A, Feb 1, 2015 — CITIC Capital Holdings, Sino-Ocean Capital, China Huarong, Shoutai East Capital
- Angel, Mar 1, 2010 — Topping Capital

## Investors

- Topping Capital (https://capitalatlas.ai/funds/topping-capital) — Angel
- CITIC Capital Holdings (https://capitalatlas.ai/funds/citic-capital-holdings) — Series A
- Sino-Ocean Capital (https://capitalatlas.ai/funds/sino-ocean-capital) — Series A
- China Huarong (https://capitalatlas.ai/funds/china-huarong) — Series A
- Shoutai East Capital (https://capitalatlas.ai/funds/shoutai-east-capital) — Series A
- Hangzhou Zhuoshi Equity Investment Fund Partnership (https://capitalatlas.ai/funds/hangzhou-zhuoshi-equity-investment-fund-partnership) — Series A
- Beijing Chang'an Deruiwei Investment — Series A
- Shanghai Xingpu Capital Management — Series A
- Beijing Bashi Media Co.,Ltd — Series A