Chinese battery material producer RT Advanced Materials nets nearly $740m in Series D round

Chinese battery material producer RT Advanced Materials nets nearly $740m in Series D round

Source: RT Advanced Materials

RT Advanced Materials, a Chinese producer of lithium-ion battery materials, has closed over 5 billion yuan (nearly $740 million) in a Series D round of financing from investors including Shang Qi Capital.

Shang Qi Capital, the private equity (PE) arm of Chinese state-owned automaker SAIC Motor, led the Series D round, in its latest effort to step up dealmaking in China’s new-generation automotive sector, the investor announced on Wednesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter