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Xinchen New Material makes lithium battery materials, including additives for electric vehicles.
Founded in 2021, Xinchen New Material is based in Chuzhou, China. It produces lithium battery materials, including LiFSI, NaFSI, LiODFB, and LiBOB, and sells battery additives. The company has 20 patents, including 6 invention patents and 14 utility model patents. In January 2024, it raised approximately CNY 100 million in Series B1 funding from Y Capital, Casstar Capital, and Hefei State-Owned Assets Holding. The funds were intended for capacity building, product R&D, and market development.
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