Hengchuang Nano completed a financing of 100 million yuan to help the development of the new energy battery industry

Hengchuang Nano recently successfully completed a round A financing of more than 100 million yuan, led by GF Securities, followed by Huanghai Financial Holdings, Skyworth Investment, China Electronics Fund, and Zhengjing Capital. The financing will be mainly used to expand production capacity. Hengchuang Nano was established in February 2022 and focuses on the research, development, production and sales of core materials for new energy batteries. The company's main product is lithium manganese iron phosphate (LMFP), a lithium battery positive electrode material, which is mainly used in new energy vehicles, electric two-wheeled vehicles, consumer electronics and energy storage systems. As of mid-2023, the company has mass-produced shipments, with annual shipments exceeding 1,000 tons and a market share of more than 50%.