Xinchen New Materials completes nearly RMB 100 million in B1 round of financing, with the goal of making the price of LiFSI comparable to that of LiPF6 by 2025

Anhui Xinchen New Materials Co., Ltd. has completed a B1 round of financing of nearly 100 million yuan, with investors including 5Y Capital, China Science and Technology Star, and Hefei Innovation Investment. The company will use this money to expand production capacity, develop new products and expand the market. Xinchen New Materials focuses on the production of lithium salts for lithium battery electrolytes, such as LiFSI, NaFSI, LiODFB, LiBOB, etc.