CSiT Received 70 million Yuan in Financing

On October 18, 2024, Hefei Hi-Tech Capital officially signed an investment agreement with China Sodium Times (shenzhen) New Energy Technology Co, Ltd. (hereinafter referred to as "CSiT"), and CSiT received a financing amount of 70 million yuan. This financing not only reflects Hefei Hi-Tech Capital's strong confidence in the new energy industry, but also demonstrates CSiT's strength and considerable market potential in the field of Sodium-Ion Batteries.

CSiT, as a company specializing in new energy technologies, has been focusing on the research and development of sodium-ion batteries for 4 years. Most R&D team members have over 20 years experience in new energy industry, has group support from raw material, cells to finished battery packs. CSiT’S Sodium Ion batteries can be used on energy storage systems and EVs, there are a lot of models for choice with super good work performance. 

After the investment, CSiT's valuation reached 420 million yuan, a figure that not only reflects the company's current financial status and profitability, but also highlights its huge future growth potential and investment value. The addition of Hefei Hi-Tech Capital has injected new vitality and momentum into CSiT. This will prompt the company to take more solid steps on the road of the new energy industry and further promote its technological innovation and market expansion. CSiT is expected to achieve faster development in the field of new energy, and the increase in its valuation also indicates that investors have a high degree of recognition and expectations for the company's future development. This cooperation not only brings financial support to the company, but also brings strategic synergy and resource sharing, laying a solid foundation for the long-term development of CSiT.