Changzhou Lithium Power Completes 440 Million RMB Series B Financing, with Changzhou Jintan State-owned Assets behind the Investors.

According to "Changzhou Release", Changzhou Lithium Source New Energy Technology Co., Ltd. recently completed a 440 million yuan Series B financing, with Changzhou Jintan State-owned Assets behind the investment. This round of financing will be used for the purchase of machinery and raw materials for Changzhou Lithium Source's high-performance lithium battery cathode material project. Prior to this, Changzhou Lithium Source had received investments from multiple institutions, and after this round of financing, the company's valuation is approximately 6.4 billion yuan. Changzhou Lithium Source is a subsidiary of Longpan Technology Group, dedicated to the research, production, and sales of core materials for lithium batteries.