Beijing Hedian Technology Secures 100 Million Yuan for Sodium-Ion Battery Development
Beijing Hedian Technology raised nearly 100 million yuan in a Series B financing round to advance sodium-ion battery technology. The investment will focus on core technology development, capacity enhancement, and market expansion, aiming to boost the sodium-ion battery sector's industrialization.
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On April 17, Beijing Hedian Technology completed its Series B financing, securing close to 100 million yuan from Suining Industrial Investment. Established in August 2022, the company specializes in sodium-ion battery cathode materials and has already finalized two financing rounds totaling approximately 100 million yuan.
The firm's production line has been completed at the kiloton level, enabling it to manufacture products based on both polyanion and Prussian blue technologies. These products target applications in energy storage and light-duty motive power. The successful funding indicates a growing commitment to sodium-ion battery technology, which may enhance competition in the energy storage market.
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