Recently, leading company of the lithium recycling field "CN Technology" completed multi-hundred million yuan of financing, this round of financing by V Fund and other old shareholders over-amount increase, and the introduction of a number of new shareholders such as Matrix Partners China, Hengxu Capital, Three Gorges Green Industry Fund, CICC Industrial Fund, China Merchants Securities, J Fund. After this round of financing, CN Technology will increase its investment in the R&D of new energy lithium battery material resource recycling technology and accelerate the construction of a lithium battery recycling industry demonstration base.

CN Technology× V Fund

CN Technology is committed to the full resource recovery of used lithium battery materials using green and low-carbon processes, and has three major business segments, namely hazardous waste, comprehensive utilization of lithium and materials development, which are synergistic with each other. In the context of the national goal to promote carbon neutrality, the lithium battery recycling industry base built by CN Technology will further increase the recycling capacity of waste batteries, help solve the environmental problems of power battery end-of-life that the new energy vehicle industry will face at a later stage of development, achieve the recycling of strategic metal resources, and further promote the rapid development of new energy business.

According to Zhu Feng, Founding Partner of V Fund, "In the coming years, with the rapid expansion of the installed capacity of new energy batteries, the recycling and reuse of used new energy batteries in a highly efficient and large-scale manner will become a focus point and immediate need in the market. We have invested in CN Technology since 2018, and we continue to increase our investment in this round because we are firmly optimistic about the future potential of the 100-billion recycling market for lithium battery materials, as well as CN Technology's concept of 'full-resource recycling and breaking the limited life cycle of materials', we believe that the company will be able to empower the sustainable development of the new energy industry. "