Hunan Kingchem Recycling Technology Co., Ltd. is jointly established by Kingchem Group and a team of well-known domestic experts in the field of new energy. It focuses on the research and development of new energy materials and related technologies. The development of lithium battery new energy vehicles in China and even the world provides a strong backing. Kingchem Cycle announced that it has completed several hundred million yuan in Series B financing. This round of financing was jointly invested by SAIC Group’s strategic direct investment fund, SAIC’s Shangqi Capital, and Hengxu Capital. Other investors included Wanxiang 123, Dachen Caizhi, Shengli Investment and many other well-known investment institutions.
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