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18/07/2024
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Hunan Shengrong Technology secures tens of millions in angel funding for advancing lithium replenishment innovations

Hunan Shengrong Technology Co., Ltd. has successfully concluded an angel investment round, raising tens of millions of yuan. Cowin Capital, the exclusive investor for this round, announced the closing of the pivotal investment. The funds are intended to support team development, accelerate innovation, and scale up production for cutting-edge lithium battery replenishment materials. The investment aims to establish a solid foundation for mass manufacturing the next generation of long-cycle lithium-ion and solid-state batteries.

In an era dominated by the rapid expansion of the lithium battery sector, particularly driven by the growth in new energy vehicles and consumer electronics, the industry faces technological challenges. Issues in electrode materials, such as ternary cathode and lithium iron phosphate, are a consequence of swift progress in lithium battery material and structural technologies. Addressing these challenges is crucial, and pioneering high-safety, cost-efficient lithium replenishment technologies are essential to enhance the energy density and lifespan of lithium-ion batteries.

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Lithium replenishment materials play a key role in minimizing irreversible capacity loss, significantly increasing energy density, and doubling the lifecycle of lithium batteries. With major industry players venturing into lithium replenishment materials, these innovations are expected to become standard in long-cycle energy storage battery applications in the near future.

Established in 2023, Shengrong Technology focuses on the research and development, manufacturing, and sales of cathode lithium replenishment materials. The field poses significant entry barriers, requiring extensive periods of process experimentation from pilot to industrial-scale production. The manufacturing process, similar to high-nickel ternary materials, demands precise control over material exposure to air to prevent issues such as high residual alkali, large particle sizes, and reduced specific surface areas. These challenges are critical as they hinder the mobility of lithium ions within the materials, adding complexity to the path of industrialization.

Since its inception, Shengrong Technology has rapidly assembled its team and established a tonne-scale laboratory within just three months. Having completed multiple sample production and testing cycles, the company is on track to launch a production line capable of yielding thousands of tonnes of materials annually by the latter half of 2024.

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