Hengchuang Nano completed RMB 100 million in Series A financing to accelerate the expansion of lithium iron manganese phosphate production capacity

Hengchuang Nano recently completed its Series A financing with a financing amount of more than 100 million yuan. This round of financing was led by GF Securities, and other investors included Huanghai Financial Holdings, Skyworth Investment, China Electronics Fund and Zhengjing Capital. The company plans to use the funds to expand its lithium iron manganese phosphate production capacity. Hengchuang Nano's main product is lithium iron manganese phosphate, a lithium battery positive electrode material, which is mainly used in new energy vehicles, electric two-wheeled vehicles, consumer electronics and energy storage systems.