Lithium battery manufacturer Levy can complete 300 million financing will be used to invest in the annual 2GWh cylindrical cell project.

September 16 news, recently, Oriental Jiafu completed the investment in Ningbo Liwei Energy Storage system Co., Ltd. (hereinafter referred to as "Levi Energy"). Levy can raise 300 million yuan this time, with joint investment institutions such as China Insurance Investment Fund, Yuntai Capital, Shanghai Guosheng Group, Shenzhen Junlian and so on.

It is reported that the funds raised by Levineng will be used to invest in the annual 2GWh cylindrical cell project, with an estimated production capacity of 15 million units per month.

According to public data, Levineng was established in 2015, jointly invested by Shanshan and Beijing Levineng, and introduced Sequoia Capital's strategic investment. The company focuses on the research, development, manufacturing, marketing and technical services of lithium-ion batteries and power batteries and systems, and is committed to providing customers with complete product application solutions.

The 26700 cylindrical electric core products produced by Levineng have achieved fully automated production, which can be adapted and widely used in the light electric vehicle market and small portable energy storage market. at present, the company has shared with the typical terminal application customers to be established, such as Xinri electric car, calf electric car, No. 9 robot, green source electric car, Emma electric car, Yadi electric car, Meituan and so on.

According to the latest data released by the Ministry of Industry and Information Technology, from January to July, among the main products of the national bicycle manufacturing industry, the output of electric bicycles was 20.158 million, an increase of 26 percent over the same period last year.

With the implementation of China's "New National Standard", the emergence of new application scenarios such as sharing, power exchange and logistics, the widespread application of big data and artificial intelligence, and the continuous improvement of lithium battery technology, the cost continues to decline. Electric light vehicle industry and market are accelerating changes, leading to the rapid expansion of lithium battery market scale and rapid increase in permeability.