Honeycomb Energy, a new force of power battery, has launched round B financing, which is expected to raise 3 billion to 4 billion yuan.

March 22, according to a number of media reports, Honeycomb Energy Technology Co., Ltd. (hereinafter referred to as: honeycomb Energy), which just completed 3.5 billion yuan A round financing in February this year, is carrying out B round financing, and the amount of this round financing is expected to be 30-4 billion yuan. After round B financing, Honeycomb Energy will start IPO work, which is expected to declare the company's record board in 2022.

Enterprise investigation shows that honeycomb energy shareholders include Beijing-Tianjin-Hebei Industry coordinated Development Investment Fund (limited partnership), Advanced Manufacturing Industry Investment Fund Phase II (limited partnership), and so on. Enterprise check shows that at present, honeycomb energy patent information has reached 1600.

According to public data, Honeycomb Energy, formerly the power battery division of Great Wall Automobile, a leading brand in China's automobile industry, has carried out pre-research on power batteries since 2012. In 2018, it was completely spun off from Great Wall Automobile for the development of the whole industry, and officially changed its name to Honeycomb Energy Technology Co., Ltd. Headquartered in Jiangsu, the company is a new energy high-tech company specializing in automotive power battery materials, batteries, modules, PACK, BMS, energy storage product R & D and manufacturing.

Battery network noted that the expansion of honeycomb energy capacity continues to accelerate in 2021. On January 27th, Honeycomb Energy signed a strategic cooperation agreement with Suining City in Chengdu, which will spend 7 billion yuan to build a 20GWh power battery factory in Suining Economic Development District. On February 19th, Honeycomb Energy formally signed an investment agreement with Huzhou City, Zhejiang Province. Honeycomb Energy will invest 7 billion yuan to establish a new power battery base with an annual production capacity of 20GWh in the South Taihu Lake New area of Huzhou.

In terms of overseas factory construction, Honeycomb Energy plans to invest 2 billion euros to build a factory in Germany with a production capacity of 24GWH, as well as an European R & D center and a 40, 000-ton cathode material factory. It is estimated that by 2025, the total global planning capacity will be increased to 200GWh.

In terms of supply, Honeycomb Energy Synchronize has carried out active and in-depth communication with major domestic mainstream car companies, and has been designated for procurement by more than ten mainstream car companies at home and abroad. Overseas, the company has signed a 7GWh procurement contract with a large European car company.

In terms of installed capacity, Honeycomb Energy began to install equipment in April 2020 and rushed into the power battery loading ranking of TOP20, in August. Since then, it has been in the top 10 for five months in a row. Honeycomb Energy has jumped to the sixth place on the list of domestic power battery companies' installed capacity in February 2021. With the increase in production capacity, the company's shipments will hit the top five of the industry in 2021.