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Xinyuan New Materials has successfully concluded its Series C funding round, with Xiaomi Smart Manufacturing Fund as the lead investor. The infused capital will be pivotal in bolstering the research and development, as well as the industrialization, of silicon carbide module packaging materials. Notably, Xinyuan New Materials stands as the pioneer in China for mass-producing automotive-grade sintered materials, whose products are integrated into an average of over 5,000 vehicles daily by leading automakers. The company's financial metrics witnessed a remarkable 300% growth quarter-on-quarter in the first quarter of 2025. Adding to this momentum, in July, with the commissioning of a new production line, Xinyuan's production capacity will skyrocket, capable of supporting up to 20,000 vehicles per day, further solidifying its position in the industry.
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