ChaoCi Xinneng (Shanghai) Technology Co., Ltd. has officially declared the successful closure of an angel round funding, amassing hundreds of millions of yuan. This funding round was spearheaded by Dingfeng Venture Capital, and also saw the involvement of multiple renowned institutions.

Established in 2025, ChaoCi Xinneng has carved out a niche for itself as a key supplier of core components essential for controlled nuclear fusion. The company is dedicated to the research, development, and production of high-temperature superconducting strong-field magnet systems. Presently, it is at the forefront of developing the world's inaugural 25-tesla large-scale high-temperature superconducting nuclear fusion tokamak magnet system.

The company's visionary founder, Wang Chao, brings to the table a robust technical foundation coupled with a wealth of managerial expertise. The fresh influx of capital will be strategically directed towards expediting technological advancements, validating prototypes, and orchestrating an effective industrialization strategy. This move is poised to elevate China's stature, positioning it as a frontrunner in the global energy transformation landscape.