Zhengtai Xinneng Completes C Round of 2 Billion Financing

Recently, Chaoxi Capital completed the C-round investment in Zhengtai Xinneng Technology Co., Ltd. (Hereinafter referred to as "Zhengtai Xinneng"), the world's leading photovoltaic manufacturer.

This round of financing totaled 2 billion yuan , in addition to Chaoxi Capital, it also attracted the support of the Yangtze River Green Industry Fund, Bank of Communications Investment, China Life Equity, Yuexiu Investment, CICC Capital, CITIC Construction Investment Capital, Walden International and other well-known investment institutions. After the completion of this investment, Chaoxi Capital is still the largest institutional shareholder of Zhengtai Xinneng.

Zhengtai Xinneng focuses on the research and development, production and sales of photovoltaic cells and modules, and is one of the first leading enterprises in the industry to seize the opportunity of photovoltaic cell technology transformation from p to n, lay out TOPCon technology and have achieved mass production. At present, TOPCon production capacity ranks second in the world. In addition to n-type TOPCon technology, enterprises are also actively reserving TBC, HJT, stack and other technical routes. Hui Hengyu, managing partner

of Chaoxi Capital, said: Chaoxi Capital helps Zhengtai Xinneng to further strengthen the moat in brand expansion, channel optimization, supply chain integration, technology research and development, industry landing and other dimensions, and the investment value of the head target is gradually emerging. Chaoxi Capital is the only institution that has continuously participated in three rounds of financing of Zhengtai Xinneng, which reflects the mutual recognition and support of Zhengtai Xinneng and Chaoxi Capital in new energy fields such as photovoltaic and energy storage. As an industrial investment institution, Chaoxi Capital will continue to give full play to the differentiated advantages of "industry, capital + empowerment", unite many invested enterprises in the industrial ecosphere, and join hands with Zhengtai Xinneng to welcome the arrival of the era of photovoltaic as the main power generation energy.