BYD exclusively invests in Xinyuan New Materials to help it expand its production capacity

BYD recently made an exclusive investment in Xinyuan New Materials to help it complete its Series B financing. Xinyuan New Materials is a company focusing on the research and development of nanometal material technology, with its main business concentrated on the production and application of silver sintered materials. The company plans to expand its production capacity across the board, with an estimated investment of approximately RMB 90 million, including production line investment and capacity upgrades, with the goal of putting new projects into use by the end of 2025 to meet the demand of 30 million vehicles per year. The expansion plan is expected to reduce the price of sintered silver paste and copper wire bonding copper sheets by 50-80%, further enhancing market competitiveness.