Lightyear Engine Secures ¥1 Billion Financing for Solid-State Battery Launch in Suzhou
Lightyear Engine has secured ¥1 billion in financing to launch its solid-state battery products in Suzhou, including the LY-70 and LY-25, which are now in mass production. The company has signed orders exceeding 30 million yuan with various distributors and plans to use the funds for R&D, capacity expansion, and global channel development. Additionally, Lightyear Engine introduced a 24V parking battery series for commercial vehicles and a semi-solid battery for electric motorcycles, and established strategic agreements with Forvia Hella Nanjing Electronics and Dongguan Shengda New Energy.
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Lightyear Engine launched a portfolio of products including start-stop batteries, light mobility solutions, and energy storage in Suzhou. The company announced a strategic financing plan of 1 billion yuan and signed orders exceeding 30 million yuan with multiple distributors.
The LY-70 and LY-25, the world's first all-scenario all-solid-state batteries, have commenced mass production. These batteries utilize automotive-grade technology, aiming to address high costs and service complexities in the traditional battery market.
The company plans to allocate the financing towards R&D, capacity expansion, and global channel development. Lightyear Engine also introduced a 24V parking battery series for commercial vehicles and showcased a semi-solid battery for electric motorcycles with a 300-kilometer range. Strategic agreements were signed with Forvia Hella Nanjing Electronics and Dongguan Shengda New Energy during the event.
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