Guantao assists Chongqing Talent New Energy Co., Ltd. in introducing investments by several funds of Changan Auto and CSGC
Recently, Chongqing Talent New Energy Co., Ltd. ("Talent New Energy") completed Series B strategic financing at hundreds of millions of RMB yuan. This round of financing was completed by Anhe Fund, a subsidiary of Changan Auto and several funds of China South Industries Group Co. ,, Ltd. (CSGC). Guantao partners Ma Yupeng and Xiao Yueyao led the team to provide legal services for the entire process of this deal, including analyzing and advising financing plan, negotiation and review of financing agreements, and preparation and implementation of financing- related legal documents.
Talent New Energy had completed five rounds of financing before the closing. The Investors included Legend Capital, Liangjiang Capital, CICC Capital, China Merchants Venture Capital, Zhengqi Holding, Guoding Capital and other entities. Ma Yupeng and his team had been involved in all the previous financing services provided to Talent New Engergy.
With the rapid growth of new energy vehicles globally, consumers have higher demands for battery technology for new energy vehicles, and solid-state battery has become one of the key breakthroughs.
As a representative enterprise of solid-state batteries, Talent New Energy focuses on the technology development and industrialization of new solid-state lithium batteries and key lithium materials. It has the whole industry chain development capability of key materials of solid-state batteries, cell design, process equipment and system integration. The core R&D team has been focusing on the development of key technologies of solid-state batteries since 2011 and has accumulated more than 10 years of technology and layout in the fields of key materials, advanced cells, core processes and thermal management of solid-state batteries and owned nearly 500 patents. To address market demands, Talent New Energy has taken the lead in the development and production of advanced solid-state batteries including 4C ultra-fast charging semi-solid batteries. In April this year, Talent New Energy successfully produced the world's first all solid lithium metal battery with super energy density of 720Wh/kg and cell capacity of 120Ah, which refreshed the records of the highest energy density and maximum cell capacity of compact lithium batteries.
Changan Auto is a leading automobile manufacturer in the world and its strategic investment in this round not only recognizes Talent New Energy’s team and technology, but also deepens and develops new energy field.
Guantao is one of the first PRC law firms providing legal services in the area of technology innovation. Its practice covers full legal services for technology enterprises including transformation of scientific and technological achievements, company incorporation, equity structure design, investment and financing services, share incentives, listing services, IP management, employment and human resource management and other aspects. Guantao lawyers possess the knowledge of the laws and regulations relating to technology, corporate and contract, and the regulatory policies in the field of corporate shareholding structure design, transformation of scientific and technological achievements, part-time job of scientific researchers, and capital markets, and are well aware of the paths for innovative development and commercialization of scientific and technological achievements of scientific research institutes and technology enterprises, so as to be able to maximize protection of clients' business interests and control legal risks.
