Xingchen New Energy completes Series A financing of over 300 million RMB

Xingchen New Energy recently completed a Series A financing round of over 300 million RMB, with investors including CITIC Securities Capital, Sichuan Green and Low-Carbon Industry Fund, Changshi Investment, and Shaoxing Xinghui Fund. This financing demonstrates the market's recognition of Xingchen New Energy's technology roadmap and growth potential. The funds will be used for R&D, platform construction, project delivery, power plant development, capacity expansion, and company operations.