Green Source Technology Completes New Round of Financing, Accelerating its New Energy Development

On September 4, 2025, Green Source Technology Co., Ltd., a domestic new energy innovation company, officially announced the completion of its Series B financing, totaling RMB 850 million. This round of financing was led by Sequoia Capital, with participation from Hillhouse Capital and IDG Capital. The funds will be primarily used for the research and development of next-generation solid-state batteries and the expansion of overseas production bases.

As a company deeply engaged in the new energy sector for a decade, Green Source Technology, leveraging its independently developed "Super Energy" series of energy storage systems, achieved a 120% year-on-year revenue growth in 2024, placing it among the top three in the industry in terms of market share. CEO Chen Ming stated at the press conference, "This financing will propel us to achieve technological breakthroughs in solid-state batteries. We anticipate that the energy density of mass-produced solid-state batteries in 2026 will exceed 500Wh/kg, a 40% increase over traditional lithium batteries."

Industry analysts point out that the global new energy industry is entering a golden period driven by both policy and market forces. The EU's latest White Paper on Clean Energy Transitions indicates that global energy storage market demand will grow by 300% by 2030. Green Source Technology's financing comes at an opportune time. Its Hamburg, Germany, production base is slated to begin operations by the end of 2025, with a planned annual production capacity of 10GWh.

Notably, this round of financing brought in a strategic investor, German automotive parts giant Bosch Group. The two parties will establish a joint laboratory to focus on research and development of fast-charging technology for new energy vehicles. Industry insiders believe this move marks Green Source Technology's transformation from a simple equipment supplier to a system solutions provider.

As of press time, Green Source Technology's stock price has risen 65% since the beginning of the year, with its market capitalization exceeding 30 billion yuan. The company's board of directors revealed plans to list on the Science and Technology Innovation Board (STAR Market) in the second half of 2025, with a target market capitalization of 100 billion yuan. As the global energy revolution deepens, this new energy upstart is using technological innovation as its engine to reach even greater heights.