Hive Capital co-led the investment in Hebei Kuntian to complete its B round of financing of 334 million yuan!

Hebei Kuntian New Energy Co., Ltd. (hereinafter referred to as "Hebei Kuntian") completed its Series B financing in March 2022. Industry and fund investors such as Wanxiang 123 Co., Ltd., Hubei Yiwei Power Co., Ltd., and Jinggangshan Fengyun No. 1 Equity Investment Partnership successively invested, realizing a total investment of 334 million yuan. The company completed the industrial and commercial changes of its registered capital in April 2022.

This round of financing is a continuation of the A round of financing completed by BTR New Materials Group Co., Ltd., Honeycomb Energy Technology Co., Ltd., Qiancheng Phase II (Guangzhou) Venture Capital Fund Partnership, etc. The financing amount is mainly used for Hebei Kuntian's Sichuan annual production of 50,000 tons of lithium battery negative electrode material integrated project. The successful completion of this round of investment shows that leading industry investors fully affirm the operation and development of Hebei Kuntian and expect a bright future prospect.

Hebei Kuntian has been committed to the research and development and production of lithium battery negative electrode materials for nearly 20 years since its predecessor was established. In particular, the pioneering graphitization box furnace technology has brought a subversive impact on the production cost of graphitization. From the initial annual output of several thousand tons to the current annual output of 90,000 tons, Hebei Kuntian has always "stayed true to its original aspiration and kept its mission in mind" and focused on the development of lithium battery negative electrode materials, actively realizing its mission of self-development, returning to investors, and giving back to society!