CSIT company has finished its second round of financing 

Recently, the Shenzhen Bay Angel III Fund managed by Investment Control Donghai completed its investment in China Sodium-ion Times (Shenzhen) New Energy Technology Co., Ltd. (hereinafter referred to as "CSIT"). The funds raised in this round of CSIT will mainly be used for the construction of production lines for sodium-ion battery cathode materials and the development and application of sodium-ion batteries.

CSIT is an enterprise engaged in the research, development, production and sales of sodium-ion batteries and sodium cathode materials. The company focuses on the development and application of low-cost, high-rate, high-safety, low-temperature and over-discharge resistant na-ion batteries and materials. The company's sodium-ion battery materials R&D team has undertaken a total of 18 national, provincial and municipal scientific research projects and 18 core patents. The company's management team has more than 20 years of experience in the new energy industry, rich experience in sodium battery research and development, has continuous research and development capabilities in cathode materials and battery cell development, and has related supporting facilities for rapid industrialization.

Shenzhen Investment Control Donghai Investment Co., Ltd. is jointly funded and established by Shenzhen Investment Holding Co., Ltd., Shenzhen Chuangdongfang Investment Co., Ltd. and Qingdao Haier Technology Investment Co., Ltd. The team members have comprehensive capital operation capabilities, rich investment experience, and continuously It has won the honor of "Top 10 Best Early-stage Venture Capital Institutions Investing in the Guangdong-Hong Kong-Macao Greater Bay Area" for four years. This investment in CSIT is of great significance and will greatly promote the development of CSIT sodium-ion battery business effect.