On March 4, 2026, Reliance New Energy successfully completed its Series A financing. This roundwas led by IDG Capital, a world-renowned investment institution, with a capital injection of RMB300 million, and the company’s existing shareholders followed up with additional investments, atestament to their unwavering confidence in the company’s development prospects. Upon thecompletion of this financing, Reliance New Energy’s cumulative equity financing has exceededRMB 900 million. This marks the first time the company has brought in external institutionalinvestors, signifying a new chapter in its development journey.
Following the financing, Reliance New Energy’s registered capital will rise from RMB 193.26million to RMB 218.06 million, further optimizing its equity structure. In accordance with theterms of the capital increase agreement, all raised funds will be allocated to the development ofcore businesses – focusing on the technological iteration, capacity expansion and global marketlayout of tabless cylindrical batteries, so as to consolidate its leading position in the high-endpower lithium battery sector.
Endorsement from International CapitalA Testament to Technological Strength and Market Potential
As a technology enterprise specialized in the R&D and manufacturing of high-energy-density,high-rate tabless cylindrical batteries, Reliance New Energy has earned recognition from top-tierinvestment institutions by virtue of its profound technological accumulation and clear marketstrategy. The participation of IDG Capital not only provides the company with robust financialsupport, but also reflects the capital market’s high recognition of its technological roadmap, coreteam and future growth potential. IDG Capital will fully leverage its profound resources andindustrial insights in the global technology field to fuel the rapid growth of Reliance New Energy.
Technology-Driven Leadership, with Product Performance Far Surpassing IndustryBenchmarks
Since its establishment, Reliance New Energy has adhered to the philosophy of “winning globalrecognition through superior products”. The company’s core technical team is spearheaded byworld-class lithium battery experts, and all core members boast an average of more than 10 yearsof experience in technological R&D and management at the world’s top lithium batteryenterprises.
By adopting an innovative tabless structural process, Reliance has successfully broken throughthe electronic impedance bottleneck of cylindrical batteries. Leveraging its exceptionalmanufacturing capabilities and unique process advantages, the company has developedproducts with outstanding performance attributes: ultra-high energy density, an ultra-wideoperating temperature range, ultra-fast charging, ultra-high safety, an ultra-long service life andultra-high consistency. As early as March 2025, the company’s independently developed 5.0Ah ultra-high-power 21700battery achieved the world’s first mass production and bulk delivery. The 6.0Ahultra-high-capacity 21700 battery has also completed R&D and sample delivery, with itsperformance parameters establishing a significant leading edge in the industry. In addition, thecompany has laid out a diversified product portfolio including the 21 and 46 series to cater to thediverse demands of the global market.
Building Premium Manufacturing Capabilities, Forging Core Competitiveness
Reliance New Energy maintains its technological leadership not only in R&D, but also upholdsstringent high standards in production and manufacturing. The company has built aworld-leading R&D and production base in Changzhou, where high-precision equipmentimported from Japan and South Korea is adopted for core production processes, with a target ofachieving an overall first-pass yield rate of over 98% across all production procedures.Meanwhile, the company has constructed a comprehensive digital management system andindustry-leading testing capabilities, ensuring the exceptional quality and reliability of itsproducts throughout the entire lifecycle from R&D to delivery. Having obtained a number ofdomestic and international product certifications, Reliance has laid a solid foundation for servingits global customer base.
Looking to the Future, Jointly Forging a Green Energy Vision
Chen Xuan, Chairman and CEO of Reliance New Energy, commented: “The success of thisfinancing round is the fruit of the team’s years of perseverance in ‘pursuing the difficult yet rightpath’. We are honored to join hands with a top-tier partner like IDG Capital. The newly injectedcapital will accelerate the industrialization of our tabless battery technology and help us bringour leading products to the global market faster and more widely.We firmly believe that through sustained technological innovation and a commitment tometiculous manufacturing, Reliance New Energy will emerge as a pivotal player in the globalsmall and medium-sized power battery industry. We will continue to provide our partners withmore reliable energy solutions and contribute our share to the sustainable development of theglobal environment.
About Reliance New Energy
Reliance New Energy is a world-leading technology enterprise specialized in high-energy-density, high-rate tabless cylindrical battery technologies. It is committed tothe R&D and manufacturing of lithium battery cells for medium and small-sizedpower applications, and provides high-reliability energy solutions for diversescenarios. Headquartered in Changzhou, China, the company boasts a first-classR&D team and modern production bases, striving to create value for customersand drive industrial progress through continuous innovation.
About IDG Capital
IDG Capital is a leading international private equity platform. Founded in 1993, it was one of the first institutions to carry out private equity investment in China. With deep industry resources and extensive investment experience, IDG Capital focuses on sectors such as technology, consumer, healthcare, and manufacturing. It is dedicated to partnering with outstanding entrepreneurs to build world-class companies.