CSiT received another 70 million yuan in financing, and the company's valuation has reached 420 million yuan

Hefei Hi-Tech Capital officially signed an investment in China Sodium Times (Shenzhen) New Energy Technology Co., Ltd. (referred to as "CSiT"), and CSiT received a financing amount of 70 million yuan on October 18, 2024. This financing not only reflects Hefei Hi-Tech Capital's firm confidence in the new energy industry, but also indicates that CSiT' strength and market potential in the field of sodium-ion batteries have been widely recognized.

CSiT, as a high-tech enterprise focusing on the research and development and production of sodium-ion batteries, has made remarkable achievements in the field of new energy in recent years. The company mainly specializes in R&D, production and sales of cylindrical & prismatic sodium-ion cells and sodium-ion battery packs, which are mainly used in household energy storage, industrial and commercial energy storage, e-mobility and consumer electronics. The company has won wide acclaim in the market for its innovative technology and excellent product performance. It is reported that the company's 0.5GWh sodium-ion battery semi-automatic pilot line and 5GWh Pack production line are about to be put into use. The large investment from Hefei Hi-Tech Capital will further promote the rapid development of CSiT and accelerate its layout and expansion in the new energy market.

According to the relevant person in charge of Hefei Hi-Tech Capital, this investment is based on a comprehensive assessment of China Sodium Times' technical strength, market prospects and team capabilities. CSiT deep accumulation and innovation advantages in the field of sodium-ion batteries make it highly competitive in future market competition. This investment will mainly be used to support China Sodium Times' technology research and development, capacity expansion and market expansion, helping the company achieve faster and better development.

After the investment is completed, CSiT' valuation reached 420 million yuan, which not only reflects the company's current financial status and profitability, but also indicates the company's huge growth potential and investment value in the future. The addition of Hefei Hi-Tech Capital will inject new vitality and motivation into the company and promote it to take more solid steps on the road of the new energy industry.