Recently, Hefei Yinshi New Materials Technology Co., Ltd. (referred to as "Yinshi New Materials") has successfully completed tens of millions of yuan in angel round financing. This round of financing was led by Ruicheng Fund, a CVC platform of Chery Group, with participation from Vertex Ventures and State Control Investment Company, and additional investment from Xiaomi Strategic Investment. The funds will be primarily used for capacity expansion and technological iteration.
