Announced
Completed
Financials
Sources
Tags
energy storage
Domestic
Minority
China
Completed
Storage Terminals
Acquisition
Venture Capital
Friendly
Private
Private Equity
Synopsis
ABC International, an investment banking unit of the Agricultural Bank of China, led a $278m Series B round in Hithium, an energy storage startup, with participation from Matrix Partners China, Fenghe Capital, Dayone Capital, and Chengtun Mining Group. Hithium is a high-tech enterprise formally established in 2019, specializing in the R&D, production and sales of lithium-ion battery core materials, LFP energy storage batteries and systems. Hithium is committed to providing safe, efficient, clean and sustainable green energy solutions for the world.
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