Beijing Financial Street Capital and China Life Private Equity Investment led the $622.2m Series C funding round in Hithium.

Beijing Financial Street Capital, a venture capital firm, and China Life Private Equity Investment, a professional alternative investment platform under China Life, led the $622.2m Series C funding round in Hithium, an energy storage firm, with participation from Boc Asset Management, Goldstone Investment, Dinghui Baifu, CMG-SDIC Capital, CICC, China-US Green Fund, Matrix Partners China, Hefei Industry Investment and CDI Energy. Hithium has raised over $622.2m in its Series C funding round to finance the expansion of production facilities, acquisition of advanced equipment, technological R&D, and new market exploration.