Huacai Technology completed tens of millions of angel round financing to accelerate the construction of solid-state battery electrolyte production line

Huacai (Hefei) New Energy Technology Co., Ltd. recently successfully completed tens of millions of angel round financing, led by Tongchuang Weiye. The funds from this round of financing will be used for the company's solid-state battery electrolyte production line construction, market expansion, and technology research and development. The in-situ hybrid polymerization technology developed by Huacai Technology has been widely used in the field of semi-solid batteries, and has achieved a first-generation product of 320-350Wh/kg. At the same time, the products under development have reached 350-400Wh/kg, with obvious technical characteristics and product advantages. The company has established strategic partnerships with many well-known domestic battery companies. The project of a new battery key material production base with an annual output of 100,000 tons has been approved and is expected to start construction in the fourth quarter of 2024 and be put into production in the first half of 2025.