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Tianneng New Materials recycles and processes used batteries from new energy vehicles.
Founded in 2018 and based in Huzhou, China, Tianneng New Materials recycles, processes, and reuses used lithium batteries. Its products include aluminum, lithium carbonate, melamine powder, and cobalt sulfate. The company raised CNY 1 billion in Series A funding in August 2023, co-led by CICC Capital and Puhua Capital, with participation from CNBM Private Equity Fund Management (Beijing) and Zhejiang Fuzhe Capital Management. The funding is for production and recycling base construction.
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