Recently, Zhejiang ZZ Precision Technology Co., Ltd. ("ZZ•TECH") completed Series C Financing, in which Runge Fund, the industrial investment platform under CR Capital Management strategically led the investment, and its former shareholders including RCH Capital and Huayi Ventures made co-investment, realizing a financing scale of more than 100 million yuan. CR Capital Management aims to further improve
Founded in 2016 and headquartered in Jiaxing, Zhejiang Province, ZZ•TECH is a high-tech enterprise committed to providing battery safety, efficient thermal conductivity and precision manufacturing solutions. The core founding team of the company comes from the Automobile Department of Tsinghua University. Relying on its accumulated practical experience, the company has gradually mastered the core technology of precision structural parts as well as large-scale and automatic production technology, and gradually improved industry recognition through strategic focus on the high-end market and key fields. At present, the company's end clients have covered leading enterprises in a number of fields, such as lithium battery and vehicle manufacturing, semiconductor power component production, hydrogen energy battery R&D and manufacturing, with operating results increasing year by year.
In the booming new energy vehicle industry worldwide, China, Germany, Japan, the United States and other major automobile producing and consuming countries around the world have launched policies to vigorously promote the development of domestic new energy vehicles. China's electric vehicle supply chain has accumulated obvious advantages and seen rapid cost reduction. Meanwhile, with improved use experience and intelligent support, the industry has entered a market-oriented era. Domestic new energy vehicles are expected to exceed eight million units in 2025 in sales volume, with an installed capacity of 406 GWh and a penetration rate of 32%. The global energy vehicles are expected to exceed 23 million units in sales volume, with an installed capacity of 1,163 GWh and a penetration rate of 28%, marking an official entry into the TWh era. New energy vehicles are growing rapidly in sales volume, driving the shipment of power batteries. As the key material of power battery, structural parts of lithium batteries have attracted much attention.
Market Forecast
On the one hand, the growth of demand for structural parts of lithium batteries will increase with the expansion of global lithium battery capacity. On the other hand, sodium batteries, solid-state batteries and other new batteries also put forward new demand for the R&D of structural parts, making the competitive environment safer and more stable. Since its inception, ZZ•TECH has taken the R&D and manufacturing of structural parts of lithium batteries with excellent quality as its own development goal. Advanced top cover technology, ultra-thin aluminum shell and other technologies support the company to provide the market with industry-leading packaging structural parts of lithium batteries, heat dissipation parts with metal cold spray technology and other products. The company's clients cover almost all leading enterprises in China's lithium battery industry. The application of its products covers not only new energy vehicles, but also energy storage, 5G base stations, electric ships, E-BIKE and other fields.
Main Products
Taking this round of financing as an opportunity to combine the resource advantages of shareholders' industrial capital, ZZ•TECH will continue promoting its R&D and mass production in lithium battery safety technology, high-efficiency heat dissipation technology and hydrogen precision manufacturing technology, insist on product diversification on the basis of technology exploration, and in particular, expand product varieties in the field of light-weight aluminum alloy. Ushering in energy revolution, CR Capital Management is keeping up with the pace of the times, giving full play to the advantages of industrial capital, facilitating growth of enterprises and continuously empowering new green and low-carbon development.
Runge Fund Profile
Runge Fund is an industrial fund platform jointly initiated and established by China Resources Group and Zhuhai Gree Group, focusing on investment in new energy, healthcare, consumer products, integrated circuits and other fields. Mainly relying on the industrial layout of China Resources Group and the location advantages of Gree Group, the fund bases itself in the Guangdong-Hong Kong-Macao Greater Bay Area, focuses on the industrial development trend, and deeply tracks the logic of industrial change. From an industrial perspective, it seeks and constantly empowers investment opportunities, thus promoting industrial transformation and upgrade
