【Hengchuang Nano Completes Over 100 Million Yuan Series A Financing for Manganese Iron Lithium Phosphate】

【Manganese iron lithium phosphate head enterprise Chuang Nano announced the completion of over 100 million yuan in Series A financing】

Hengchuang Nano recently announced the completion of over 100 million yuan in Series A equity financing. Hengchuang Nano was established in February 2022, specializing in the research, development, production, and sales of core materials for new energy batteries. The company's main products are lithium battery cathode materials manganese iron lithium phosphate (LMFP), with its main customers being top electric two-wheeler, consumer electronics, and new energy vehicle power battery manufacturers. By the end of 2022, the Phase I production capacity will reach 5,000 tons annually; in 2023, the shipment volume will exceed 1,000 tons, with a market share of over 50%; by the end of April 2024, the annual production capacity of 10,000 tons of manganese iron lithium phosphate production line at Hengchuang Nano will be completed, at which point the Phase I base of the company will have a production capacity of 15,000 tons of manganese iron lithium phosphate.