Lithium battery materials supplier Zhide Battery raises hundreds of millions of yuan in Series D financing

Shanghai (Gasgoo)- Lanxi Zhide New Energy Materials Co., Ltd. (“Zhide Battery”), a Chinese lithium battery materials supplier, recently completed its Series D financing round, securing hundreds of millions of yuan, according to the information updated by Tianyancha, a Chinese company information inquiry platform.

The latest round draws investment from SAIC Motor-backed Shangqi Capital, Everest Venture Capital, and others.

According to Tianyancha, the new round brings the company's total number of financing rounds to five since its establishment.

Photo credit: Zhide Battery

Founded in December 2018, Zhide Battery is dedicated to the R&D, production, and sales of high-energy-density lithium battery composite materials. Its main products include high-capacity silicon/carbon anode materials for lithium batteries, such as ZDS01 (low-cost, standard-efficiency silicon anode material), ZDS02 (new high-efficiency silicon anode material), and ZDS03 (new high-rate silicon anode material). These products are widely used in batteries, 3C electronics devices, and electric vehicles.

The company began developing silicon-carbon anodes in 2016 and now possesses core technology for the low-cost nanofabrication of silicon-carbon materials.

In July 2021, Zhide Battery's first-phase 500-tonne silicon-carbon anode material project for lithium batteries commenced production. These products have been trialed for over a year by nearly 30 key domestic and global clients. The second-phase 3000-tonne project is also actively progressing.

With the increasing demand for high-energy-density batteries in new energy vehicles and consumer electronics, the silicon-based anode materials industry has seen significant growth. Silicon-based anode materials not only enhance the energy density of batteries but also offer good safety and fast-charging performance. Industry experts predict that the shipment volume of silicon-based anode materials will continue to grow rapidly, with a promising market outlook.