Automotive Author：Wenqing Zou Editor：Ziying Wu Oct 20, 2022 11:21 AM (GMT+8)

Recently, a Chinese new energy lithium-ion battery supplier Tianke closed its A-round financing worth hundreds of millions of CNY, which was expected to be used for capacity expansion and technology research.

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On October 17, Tianke New Energy (Chinese: 天科新能源) announced the completion of its A-round financing amounted to hundreds of millions of CNY, which was invested by Cowin Capital (Chinses: 同创伟业), CITIC Capital (Chinese: 中信建投), Guan Min Tou (Chinese: 莞民投), Dedao Hosen (Chinese: 德道厚生资本) and Talent Optronics (Chinese: 天禄科技). It’s reported that this is the first round of financing for Tianke, and the fund will be used to enhance the production capacity and increase investment in technology research.

Tianke, founded in 2018, is a Shandong-based lithium-ion battery supplier focusing on lithium battery core, power battery and energy storage system research, mainly applied in new energy vehicles and ships. In addition, the company is exporting its patents to European and American markets, expanding its presence overseas. Tianke has made a successful entry into  European markets by establishing a joint venture with one of the largest lead-acid battery factories in Slovenija, Europe.

With twenty years of R&D in lithium batteries, they have outstanding advantages in high energy density and discharge rate. In the future, Tianke will continue focusing on high-capacity power batteries, building differentiated competitive advantages and maintaining competitiveness worldwide.