State-owned enterprises team up to invest in solid-state battery giant

According to Qichacha news, on November 15, the solid-state battery giant Tailan New Energy changed its investors. Although Foshan Birui Wanmu Equity Investment Partnership and Suzhou Qingrui Huaying Venture Capital Partnership withdrew, Xi'an Intelligent Manufacturing Innovation Industry Investment Partnership, Ordnance New Energy (Anhui) Equity Investment Fund Partnership, Chongqing Southern New Domain Venture Capital Fund Partnership, Chongqing Chang'an Innovation Private Equity Investment Fund Partnership, and Zhejiang Southern Equipment Venture Capital Fund Partnership entered.

Tailan New Energy's registered capital was also changed from 59.34858 million yuan to 62.29975 million yuan.

It seems that there is no clue about the new entrants, but if you look at their backgrounds, you can see the national team: Chongqing Changan Innovation Private Equity Investment Fund Partnership is a subsidiary of Changqi Motor; Zhejiang Southern Equipment Venture Capital Fund Partnership, Chongqing Southern New Domain Venture Capital Fund Partnership, and Xi'an Intelligent Manufacturing Innovation Industry Investment Partnership are all subsidiaries of China North Industries Group Corporation.

That is, Changan Automobile and China North Industries Group Corporation, two state-owned enterprises, have invested in Tailan New Energy!

This is not the first time that a state-owned enterprise has invested in TaiLan New Energy. In August this year, Anhe Fund under Changan Automobile and several funds under China North Industries Group Corporation jointly participated in TaiLan New Energy's B round of strategic financing, with a total financing amount of several hundred million yuan.

In just over three years since its establishment, Tailan New Energy has received seven rounds of financing.

According to information, Tailan New Energy was established in May 2021 and is a unicorn company focusing on the development and industrialization of new solid-state lithium batteries and key lithium battery materials technologies.

After completing the testing of its first semi-solid-state battery product in 2021, Tailan New Energy began to expand massively and established production lines in Anhui and Chongqing.

In 2022, Tailan New Energy's Anhui Huainan manufacturing base was launched, with a planned total production capacity of 10GWh and a total investment of 7 billion yuan. The planned production capacity of the first phase is 3GWh, and the planned production capacity of the second phase is 7GWh.

In 2023, Tailan's R&D headquarters will be relocated to Shunyi, Beijing, with a total construction area of ​​nearly 8,000 square meters. It will introduce various globally advanced equipment and carry out full-area R&D around various material systems, battery cells, PACKs, etc.

In 2023, the second phase of Tailan New Energy Chongqing Manufacturing Base project with a total investment of 1 billion yuan will be officially started. The project has a planned production capacity of 2GWh, with the production of passenger car power batteries as the core, taking into account small power, energy storage and other usage scenarios.

In April this year, Tailan New Energy also announced the development of the world's first automotive-grade 720Wh/kg all-solid-state lithium metal battery, setting a new industry record.

Earlier this month, Tailan New Energy and Changan Automobile jointly released diaphragm-free solid-state battery technology and announced the mass production schedule for diaphragm-free semi-solid and all-solid-state batteries.

According to reports, Tailan New Energy's non-diaphragm solid-state batteries are now practical, and semi-solid-state batteries are expected to be mass-produced and installed in 2026, and all-solid-state batteries will be mass-produced in 2027. All-solid-state batteries are planned to complete verification and system development in 2025, small-scale production in 2026, and demonstration applications in new energy vehicles in 2027.