GAC Capital deploys solid-state battery industry

Recently, GAC Capital completed the E++ round of financing for Qingtao Development, and is the first to deploy the solid-state battery industry. After the completion of this round of financing, Qingtao Development will further strengthen joint development and business collaboration with new energy vehicle companies to promote the development of the solid-state battery industry and the development of battery life cycle value. Global automotive electrification is advancing rapidly. Electrification, intelligence, and networking are important trends in the development of automobiles. Among them, the electrification of automobiles—new energy vehicles is the first industrial flashpoint in the process of automobile transformation. The development of the new energy automobile industry has driven the market's demand for lithium-ion batteries, and solid-state batteries are considered to be one of the next-generation mainstream battery technology trends. GAC Capital's investment in Qingtao development allows GAC Group to take the lead in the next-generation power battery technology competition, reflecting the forward-looking nature of the future automotive ecological layout. Solid-state batteries are the key to mass production in the electric vehicle market. New energy vehicles are an inevitable trend in the future of China's auto industry. Solid-state batteries are the last mile of mass production in the electric vehicle market. Compared with traditional lithium belt batteries, solid-state batteries can solve the safety problems of power batteries on the one hand, and on the other hand have great potential for increasing energy density. Solid-state batteries are believed to be expected to completely solve the endurance and safety anxiety of electric vehicles. In the new round of power battery investment boom, solid-state batteries are becoming the global 'new darling' in the next generation of battery technology and the next high ground for auto companies to compete. At present, many car companies, power battery companies and scientific research institutions around the world are committed to the scientific research of solid-state batteries and have invested heavily in solid-state batteries. 23 automobile, battery and material companies under well-known Japanese automobile companies plan to fully grasp by 2022 All-solid-state battery related technologies. The domestic leader promotes industrial upgrading, while Qingtao's development is the leader of domestic solid-state battery technology. Qingtao Development, founded by the team of Nan Cewen, an academician of the Chinese Academy of Sciences and the dean of the Institute of Materials Science and Engineering of Tsinghua University, focuses on the industrial transformation of new energy material technology. It is now fully deploying solid-state lithium battery Ru0026D and production, involving materials and production There are three major areas of equipment and technology. Through the original development of key materials for lithium batteries, the innovative design of equipment, and the optimization of mass production processes, Qingtao Development has taken the lead in realizing the industrialization of solid-state lithium batteries, and has built a complete independent intellectual property system. Many products have reached high levels. Performance level. With the gradual industrialization of solid-state batteries, the future will also drive a substantial increase in materials such as aluminum-plastic film. In recent years, GAC Capital has been focusing on the “new four modernizations” of automobiles (electricity, intelligence, and networking) with the guiding ideology of “forward-looking technology and core layout; capital ties and deep binding; industrial empowerment and assistance to the main business”. , Sharing) The development direction of investment layout and post-investment empowerment, focusing on new energy vehicles, intelligent driving, intelligent networking and other fields. As the capital operation and equity investment and financing platform of GAC Group, GAC Capital actively explores emerging industry resources, especially in the automotive industry and related upstream and downstream fields. Through strategic investment and fund operations, the company's asset management scale has reached 3.82 billion yuan, and it has successfully invested in more than 30 projects, of which 3 have been successfully listed on the Science and Technology Innovation Board and the small and medium-sized board, and many projects have also achieved investment through financing mergers and acquisitions. Value-added. About Qingtao Development Qingtao (Kunshan) Energy Development Co., Ltd. (referred to as 'Qingtao Development') is a high-tech enterprise invested and established by the team of Academician Nan Cewen, Academician of the Chinese Academy of Sciences and Dean of the Institute of Materials Science and Engineering of Tsinghua University. Focus on the industrial transformation of new energy material technology. The Qingtao team is a leader in the development of all-solid-state lithium batteries in China. Through the original development of key materials for lithium batteries, innovative design of equipment, and process optimization for mass production, it has taken the lead in realizing the industrialization of solid-state lithium batteries and building a complete independent knowledge. Property system. Qingtao Development continued to improve its industrial layout and built an industrial ecological chain of 'new energy materials-solid state energy storage technology-automation equipment-battery resource comprehensive utilization-scientific research results incubation-industrial investment'. The company built the first solid-state lithium battery production line in China in 2018. The first-generation mass-production power solid-state lithium battery product developed by the company passed the national motor vehicle product mandatory inspection in 2019. Car projects are carried out in close cooperation. About GAC Capital GAC Capital, as the capital operation and equity investment and financing platform of GAC Group, takes 'investment to empower travel' as the development concept and focuses on the development of the 'new four modernizations' (electricity, intelligence, connectivity, and sharing) of automobiles The direction of investment layout and post-investment empowerment, focusing on new energy vehicles, intelligent driving, intelligent network connection and other fields. In recent years, GAC Capital has given full play to its accumulation and experience as an industrial capital, actively tapping new industry resources, and deepening the automotive industry and related upstream and downstream fields. Through strategic investment and fund business, the company's asset management scale has reached 3.82 billion yuan, a total of 15 actively managed funds and 3 participating funds have been established, and more than 30 projects have been invested, 3 of which have been listed on the science and technology innovation board and the small and medium-sized board. Listed.