Huasun, a technological innovation enterprise focusing on manufacture of HJT solar cells, raised more than CNY 2 billion from series B round financing. This investment will be used mainly for the expansion of high-efficiency heterojunction (HJT) cell and module capacity and the company's continuous investment in R&D.
Recently, Anhui Huasun Energy Co., Ltd. (Chinese: 华晟新能源) (hereinafter referred to as Huasun) announced its completion of a B round financing of CNY 2 billion (USD 290 million). The investment was led by CNBM New Material RMB Fund (Chinese: 中建材新材料基金) and followed by Jintou Zhiyuan (Chinese: 无锡金投致源), Hidden Hill Capital (Chinese: 隐山资本) and Dayone Capital (Chinese: 日初资本) and more. This investment will be used mainly for the expansion of high-efficiency heterojunction (HJT) cell and module capacity and the company's continuous investment in R&D.
Specializing in the development and application of ultra-high-efficient N-type silicon based heterojunction (HJT) solar cells and module technology, with leading industrial R&D and innovation ability, Huasun strives to provide customers with PV products of higher performance and better quality. The company actively responds to climate change solutions, gathers the most experienced talents in the HJT field, and forms a R&D team led by authorities in the industry, to explore effective approaches to improve solar cell efficiency, and challenge the low-cost but productive mass production of HJT cells and modules.
The successful completion of this financing reflects the market's full recognition of Huasun as a leading company in the industry. With the financial support from top investment institutions and industrial synergy and strategic support, Huasun will continue to steadily expand production capacity, continue to increase investment in R&D, strengthen the construction of high-technology talents, and accelerate the industrialization and marketization of high-efficiency HJT technology.