24.6 C
Supported byspot_img

Hunan Shengrong Technology secures substantial funding in angel investment round for cutting-edge lithium battery materials

Member of Europium Groupspot_img
Supported byspot_img

Hunan Shengrong Technology Co., Ltd. has successfully concluded an angel investment round, raising tens of millions of yuan. Cowin Capital, the exclusive investor for this round, announced the closing of the pivotal investment. The funds are intended to support team development, accelerate innovation, and scale up production for cutting-edge lithium battery replenishment materials. The investment aims to establish a solid foundation for mass manufacturing the next generation of long-cycle lithium-ion and solid-state batteries.

In an era dominated by the rapid expansion of the lithium battery sector, particularly driven by the growth in new energy vehicles and consumer electronics, the industry faces technological challenges. Issues in electrode materials, such as ternary cathode and lithium iron phosphate, are a consequence of swift progress in lithium battery material and structural technologies. Addressing these challenges is crucial, and pioneering high-safety, cost-efficient lithium replenishment technologies are essential to enhance the energy density and lifespan of lithium-ion batteries.

Lithium replenishment materials play a key role in minimizing irreversible capacity loss, significantly increasing energy density, and doubling the lifecycle of lithium batteries. With major industry players venturing into lithium replenishment materials, these innovations are expected to become standard in long-cycle energy storage battery applications in the near future.

Supported by

Established in 2023, Shengrong Technology focuses on the research and development, manufacturing, and sales of cathode lithium replenishment materials. The field poses significant entry barriers, requiring extensive periods of process experimentation from pilot to industrial-scale production. The manufacturing process, similar to high-nickel ternary materials, demands precise control over material exposure to air to prevent issues such as high residual alkali, large particle sizes, and reduced specific surface areas. These challenges are critical as they hinder the mobility of lithium ions within the materials, adding complexity to the path of industrialization.

Since its inception, Shengrong Technology has rapidly assembled its team and established a tonne-scale laboratory within just three months. Having completed multiple sample production and testing cycles, the company is on track to launch a production line capable of yielding thousands of tonnes of materials annually by the latter half of 2024.

Supported byElevatePR Digital

Related News

Mali signs lithium mining agreement with Ganfeng, eyes revenue boost

Earlier this week, Mali's economy minister announced a significant deal with China's Ganfeng Lithium regarding the operation of the Goulamina lithium mine. Under the...

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...

Unraveling China’s secretive mineral resource strategy: Impact on EU policy

In the midst of the EU's efforts to reduce reliance on China for critical mineral supplies, China's opacity regarding long-term plans for its mineral...

Europe must boost investment to secure raw materials for EV production

Europe's reliance on importing the majority of raw materials for electric vehicle (EV) production is proving increasingly unsustainable, leaving its economy vulnerable. This week,...
Supported by
Supported by
Supported by
error: Content is protected !!