Talent New Energy("TNE"), a solid-state battery company, recently completed its A++ round of financing, raising hundreds of millions RMB. The deal was led by CICC Capital and China Merchants Venture, with participation from Tsari Capital, Quanxinshi Capital, Guoding Capital, as well as existing investor Legend Capital. China Renaissance continued to serve as a long-term capital market partner for TNE in its latest financing round. 

With countries around the world taking proactive steps to meet their carbon peaking and carbon neutrality goals, the energy sector – including wind power, photovoltaic and energy storage – has stepped into a new era. According to industry experts, solid-state batteries and power grids are playing an increasingly important role in the decarbonization process, with batteries expected to become the next trillion dollar market due to their high energy storage levels that are safe to humans.    

As a new high-tech solution, solid-state batteries have been explored by many tech giants and startups in China and around the world. With nearly 20 years of solid-state battery R&D experience accumulated in both China and abroad, Talent New Energy mapped out its oxide-based technology roadmap and the development path from mixed solid-liquid to all-solid-state lithium batteries when the company was founded in 2018.    

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