Haichen Energy has completed a Series C financing round, securing over 4.5 billion yuan to enhance its operational capacity and technological capabilities in the rapidly growing energy storage sector.

Target Company Overview

Haichen Energy Technology Co., Ltd. (referred to as "Haichen Energy") has recently completed a Series C financing round, raising over 4.5 billion yuan. This capital will be allocated primarily for capacity expansion, advanced equipment procurement, research and development, and market development initiatives. Since its inception, Haichen Energy has focused on key technologies in energy storage batteries, aiming for excellence in their products while addressing challenges related to safety and cost within the energy storage industry.

Located in Xiamen, Haichen Energy is recognized as a key development project by both Fujian Province and Xiamen City. The company specializes in the research, production, and sales of lithium battery core materials, lithium iron phosphate energy storage batteries, and systems. Since its establishment in 2019, Haichen Energy has rapidly grown within the industry, continuing to innovate with low-cost and low-carbon strategies, which have resulted in the launch of high-performance products to meet global energy storage needs.

Industry Overview in China

The energy storage industry in China is witnessing unprecedented growth, driven by the country's transition to sustainable energy solutions. The Chinese government has been heavily investing in renewable energy projects, complementing the