Xinyuan New Materials receives exclusive investment from BYD

Xinyuan New Materials announced that it has obtained exclusive investment from BYD and completed its Series B financing. This round of financing will be mainly used for new product research and development, production line expansion and market development. Xinyuan New Materials was established on April 12, 2022, focusing on the research and development, production, sales and technical services of thermal interface materials for electronic packaging, providing high heat dissipation and high reliability solutions for power semiconductor packaging and advanced integrated circuit packaging.