ABC International led a $278m round in Hithium.

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.