Founded in February 2022, Hengchuang Nano is a high-tech enterprise specializing in the R&D, production, and sales of core materials for new-energy batteries, particularly LMFP cathode materials. The founding team, drawn from Dow Chemical and GE, leverages nearly two decades of battery-materials experience and has acquired 63 core patents, including Dow Chemical’s foundational LMFP portfolio. The company claims to be the only domestic firm capable of global LMFP sales and is building a 130,000 tpa (phase I: 30,000 tpa) LMFP production facility in Yinchuan Economic Development Zone. Future plans center on scaling this plant to full capacity and expanding international sales channels. Since inception, Hengchuang Nano has completed three financing rounds totaling RMB 450 million, and has secured recognition as a national high-tech and “specialized, refined, differentiated, and innovative” SME in Jiangsu. Historical backers include Yueda Investment, Hillhouse Ventures, WoFu Capital, Skyworth Investment, WoYan Capital, KaiStone Capital, GF Xinde, and Huajin Capital.

Total raised

$14M

Funding rounds

2

Latest round

Series A

Latest activity

Apr 2024