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Tailan New Energy Financing with Billions of Yuan

Publish Date: 2023.07.17

  Recently, Solid-state battery enterprise Chongqing Tailan New Energy Co., Ltd. (hereinafter referred to as "Tailan New Energy") has completed hundreds of millions of yuan of Pre-B round financing, and the financing funds will be used for the expansion and construction of several new factories, the continuous development of technical reserve projects, talent construction and product volume.

  

  According to enterprise investigation information, since its establishment in May 2021, Tailan New Energy has completed four rounds of financing within two years. This round is jointly led by CICC Capital and Zhengqi Holdings, and institutions such as Junlian Capital and Youliang Capital continue to make additional investments.

  

  Source: Enterprise Inspection Screenshot

  

  At present, Solid-state battery is regarded as the next generation of power battery with subversion in the industry. It has the advantages of high energy density, high safety, long life, etc. It is expected to break the limit of battery life, and greatly promote the development of battery technology in the direction of more safety, efficiency, and environmental protection. Therefore, players from all walks of life have increased their research and investment in this direction.

  

  As a company focusing on the development and industrialization of new solid state lithium batteries and key lithium battery materials, in fact, the core R&D team of Tailan New Energy has focused on the development of key technologies of Solid-state battery since 2011.

  

  Solid-state battery mainly has three Technology roadmap: oxide, polymer and sulfide, and Tailan New Energy is the representative of the oxide route. At present, the company has successfully developed solid electrolyte and power solid state lithium battery based on oxide system, and has completed the technical reserve of various materials and other models of advanced semi-solid/Solid-state battery.

  

  Source: Tailan New Energy Official Website

  

  Data shows that the liquid electrolyte content of the first generation semi Solid-state battery product of Tailan New Energy is 5% -10%; The second generation quasi Solid-state battery product, with liquid electrolyte content below 5%, is expected to be mass produced by the end of 2023; The third generation of all Solid-state battery will no longer contain liquid electrolytes, and Tailan Research Institute is fully promoting the development of relevant commercialization paths.

  

  Li Yan, CEO of Tailan New Energy, stated that the company's current mass-produced semi-solid products can achieve energy densities of 350 Wh/kg to 400 Wh/kg, achieve an average 4C fast charging throughout the entire cycle from SOC0-100%, and have a cycle life of 1000-1500 cycles.

  

  As for production capacity, the company's current operational and ongoing production capacity has reached 12.2GWh. Specifically, the manufacturing base in Liangjiang New Area of Chongqing Phase I is 0.2GWh (Phase I of small semi-solid power battery production and manufacturing base), which is now in full production status; The second phase of the manufacturing base is 2GWh (the second phase of the vehicle grade semi-solid power battery production and manufacturing base), which is expected to be put into production in June next year. At that time, batch shipments will start to the main engine factory; The Anhui Huainan factory under construction has a capacity of 10GWh, and the overall mass production time is expected to be by the end of next year or the first quarter of 2025.

  

  In addition, Tailan New Energy has signed an agreement with a leading domestic two wheel electric vehicle enterprise to become its power battery SOP supplier; Semi Solid-state battery samples have been sent for testing by several host manufacturers.

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