Sinopec enters solid-state battery market

According to Qichacha, on October 21, Zhongke Shenlan Huize New Energy (Changzhou) Co., Ltd. (hereinafter referred to as "Zhongke Shenlan Huize") completed a Pre-A round of financing, with Sinopec Capital as the investor. The amount of financing and the company's valuation were not disclosed.

Sinopec believes that investing in Zhongke Shenlan Huize New Energy is a concrete practice of Sinopec's capital further concentrating on forward-looking strategic emerging industries. In the future, the two sides will strengthen industrial cooperation and work together to promote the application and commercialization of high-performance solid-state battery products.

This is the third round of financing for Zhongke Shenlan Huize. Investors in the previous angel round and angel+ round include Shunwei Capital (an investment institution under Lei Jun, founder and chairman of Xiaomi), Primavera Capital, Wujin Hi-Tech Investment, etc.

Image source: Qichacha

According to the information, Zhongke Shenlan Huize was established on April 15, 2022. Its legal representative is Cui Guanglei. Its registered capital exceeds RMB 23.1609 million. It is a company specializing in the research and development and manufacturing of solid-state lithium batteries . Its technology takes into account both energy density and safety, and its product performance is world-leading.

It is understood that Zhongke Shenlan Huize's current polymer lithium battery has an energy density of more than 460Wh/kg, and its products have been verified for reliability in deep sea, deep space, large-scale energy storage , new energy vehicles , etc.

On May 26 this year, the Zhongke Shenlan Huize solid-state lithium battery project with a total investment of 1 billion yuan started construction in Wujin National High-tech Zone. The project has a construction area of ​​about 70,000 square meters and is built in two phases. The total investment in the first phase is 500 million yuan, and it is planned to purchase 53 sets of production equipment and public auxiliary facilities such as electrode production, battery cell assembly, in-situ polymerization, and chemical composition sorting. After reaching full production, it is expected to produce 1GWh of solid-state lithium batteries annually.