Core Viewpoint - The article highlights the signing of 36 projects in Jiangning District, including a significant investment of 5.2 billion yuan in a solid-state lithium battery production base by Yunshi Weilan, which aims to achieve an annual production capacity of 15 GWh [1]. Group 1: Project Overview - The solid-state lithium battery production base project will focus on manufacturing solid-state batteries, battery packs, and energy storage equipment [1]. - The investment is led by Shandong Yunshi Weilan New Materials Co., Ltd., a joint venture established by Shandong Yunshi Forestry Development Co., Ltd. and Weilan New Energy, with respective stakes of 90% and 10% [2]. - The first production line of Yunshi Weilan is set to invest 1.2 billion yuan and will be located in the existing workshop of Weilan Haibo New Energy Technology Co., Ltd. in Zibo, aiming for rapid scale production [3]. Group 2: Strategic Partnerships and Agreements - An investment cooperation agreement was signed between Weilan New Energy and Shanlin Group, focusing on leveraging their strengths in industrial resources, capital investment, and core technology in solid-state batteries [4]. - A procurement agreement for 4 GWh of solid-state battery cells and energy storage equipment was also established, with a total contract value of approximately 4 billion yuan [4]. Group 3: Product Development and Market Applications - Weilan New Energy's hybrid solid-liquid battery products cater to three main sectors: new energy vehicles, energy storage, and low-altitude economic power [4]. - Key products include a high-energy density power cell with 360 Wh/kg, capable of over 1000 km range, and a 280 Ah ultra-safe energy storage cell, both of which have commenced mass production and delivery [4]. - The company plans to achieve mass production of full solid-state batteries by around 2027, targeting an energy density of 400 Wh/kg [5].

Core Viewpoint - Beijing Weilan New Energy Technology Co., Ltd. is preparing to go public on the ChiNext board, potentially becoming the first company to offer solid-state batteries in the market [1] Group 1: Company Overview - Weilan New Energy was founded in 2016 and is a spin-off from the Chinese Academy of Sciences, focusing on solid-state lithium-ion batteries [1] - The company has completed nine rounds of financing since 2017, raising over 2.5 billion yuan, with investments from major players like Xiaomi and Huawei [1] - The company's valuation has increased from 5 billion yuan in 2021 to 18.5 billion yuan [1] Group 2: Technology and Products - Weilan New Energy specializes in solid-state batteries, which are expected to significantly enhance energy density, with future projections reaching 1000 Wh/kg [6] - The company has launched several products, including a 360 Wh/kg high-energy density power cell and a 280 Ah ultra-safe energy storage cell, which have already begun mass production [3][6] - The new generation of solid-state battery packs, developed in collaboration with BASF, aims to address safety concerns and improve range for electric vehicles [7] Group 3: Financing and Strategic Partnerships - The company has attracted 48 major institutional and industrial investors, creating a unique ecosystem of "research + industry + state-owned capital" [4] - Recent financing rounds have included significant investments from state-owned funds, which will support capacity expansion and technological upgrades [5] - The D+ round of financing was completed in September 2025, further solidifying investor confidence in the solid-state battery sector [5] Group 4: Industry Outlook - The solid-state battery technology is anticipated to begin mass production by 2027, with a gradual market penetration expected over the next five to ten years [8]

Core Insights - The first IPO of a solid-state battery company, Weilan New Energy, is set to occur as it has submitted its IPO guidance to the Beijing Securities Regulatory Bureau for listing on the ChiNext board [1][4] - Weilan New Energy was founded by prominent figures from the Chinese Academy of Sciences, including Chen Liquan, who is recognized as the "Father of Lithium Batteries" in China [1][4][10] - The company aims to develop solid-state batteries, which are expected to significantly enhance safety, capacity, and charging efficiency compared to traditional liquid batteries [4][6] Company Overview - Weilan New Energy was established in 2016, following Chen Liquan's advocacy for the development of solid-state lithium batteries in 2013 [4][6] - The company has a production capacity of 28.2 GWh and plans to exceed 100 GWh in total capacity, with production bases located in Beijing, Jiangsu, Zhejiang, and Shandong [6][9] - The company has recently secured a significant contract worth approximately 4 billion RMB for solid-state battery cells and energy storage equipment [7] Market Position and Valuation - Weilan New Energy has attracted substantial venture capital and private equity interest, with a valuation exceeding 18 billion RMB [8][9] - The company has completed multiple funding rounds, including a recent D+ round that brought in several strategic investors [9] - It is positioned as a leading player in the solid-state battery industry, aligning with China's dual carbon strategy and new energy vehicle development plans [9] Technological Advancements - The company promotes the concept of "in-situ solidification," which allows for the transformation of liquid electrolytes into solid-state without changing existing processes [6] - Weilan's products include high-energy density power cells capable of over 1000 km range and ultra-safe energy storage cells, which have already begun mass production [6][9] Leadership and Influence - Chen Liquan, at 85 years old, has played a pivotal role in the development of the lithium battery industry in China, mentoring many successful entrepreneurs and scientists [10][12] - His influence extends to the founding of several other battery companies, including CATL, which is now a global leader in battery technology [12][13]

Core Viewpoint - The article highlights the upcoming IPO of Weilan New Energy, a company specializing in solid-state batteries, and emphasizes the significant contributions of its founders, particularly Chen Liquan, who is regarded as a pivotal figure in China's lithium battery industry [2][5][15]. Company Overview - Weilan New Energy has submitted its IPO guidance to the Beijing Securities Regulatory Bureau, aiming to list on the ChiNext board [2]. - The company was founded by notable figures from the Chinese Academy of Sciences, including Chen Liquan, who is known as the "Father of Lithium Batteries" [2][5]. - Weilan New Energy's product focus includes solid-state batteries, which utilize solid electrolytes to enhance safety, capacity, and charging efficiency compared to traditional liquid batteries [6][7][10]. Product and Technology - The company proposes the concept of "in-situ solidification," transforming liquid electrolytes into solid-state without changing existing processes [10]. - Key products include: - 360 Wh/kg high energy density power cells, capable of over 1000 km range, delivered to NIO [10]. - 280 Ah ultra-safe energy storage cells, set for delivery in the second half of 2023 [10]. - 320 Wh/kg energy density cells for low-altitude economic applications, supplied to various clients [10]. Production Capacity and Contracts - Weilan New Energy has established four production bases with an annual capacity of 28.2 GWh, planning to exceed 100 GWh in total capacity [11]. - The company recently signed a significant contract worth approximately 4 billion RMB with Shaanxi Forestry Industry Group for solid-state cells and energy storage equipment [11]. Investment and Valuation - Weilan New Energy has attracted substantial venture capital, with a valuation exceeding 18 billion RMB, positioning it as a leading player in the solid-state battery sector [13][15]. - The company has undergone multiple rounds of financing, with notable investors including major VC firms and strategic partners [14][15]. Industry Impact - Chen Liquan's influence extends beyond Weilan New Energy, having mentored numerous successful companies in the battery sector, including CATL [17][18]. - The article underscores the importance of solid-state batteries in achieving China's dual carbon strategy and the broader goals of new energy vehicle development [15].

Core Viewpoint - Weilan New Energy, a solid-state battery unicorn, is preparing to go public on the ChiNext board with a valuation of 18.5 billion yuan, as disclosed by the China Securities Regulatory Commission [1][2]. Company Overview - Weilan New Energy was established in 2016 and is incubated by the Chinese Academy of Sciences, focusing on solid-state lithium-ion batteries. The company has a strong R&D, production, and sales framework and is recognized as a national-level "specialized and innovative" enterprise and a unicorn [3]. - The company is led by Yu Huigen, who controls 29.25% of the shares through direct and indirect holdings [1]. Product Offerings - Weilan's products are primarily used in three sectors: new energy vehicles, energy storage, and low-altitude economic power. Key products include: - 360Wh/kg high-energy density power cells, capable of over 1000 km range, with mass production for NIO by the end of 2023 [3]. - 280Ah ultra-safe energy storage cells, already in mass production for various energy storage projects [3]. - 320Wh/kg high-energy density low-altitude economic power cells, supplied to multiple domestic and international clients [3]. Recent Developments - At the recent Guangzhou International Auto Show, Weilan and BASF jointly launched a new generation of solid-state battery packs, marking a significant step in the industrialization of solid-state batteries in China [4]. - The collaboration with BASF aims to enhance safety and efficiency through innovative material applications, addressing key concerns in traditional battery technology [4][5]. Financing and Strategic Partnerships - Weilan recently completed a D+ round of financing, attracting strategic investments from various funds, including the Beijing Green Energy and Low Carbon Industry Investment Fund, which reflects strong market confidence in the solid-state battery sector [5][6]. - New shareholders include major players like Guangdong Energy Group, which has initiated comprehensive strategic cooperation in the energy storage field [6]. - Since its inception, Weilan has completed nine rounds of financing, with notable investors including Xiaomi, NIO, Geely, and Huawei [6].

Core Viewpoint - Beijing Weilan New Energy Technology Co., Ltd. has submitted its IPO guidance record to the Beijing Securities Regulatory Bureau, aiming to become the first listed company in the solid-state battery sector in China [2]. Group 1: Company Overview - Beijing Weilan New Energy was established on August 11, 2016, with a registered capital of 412.133543 million RMB [5]. - The actual controller of the company is Yu Huigen, who holds a total equity stake of 29.25% [8]. - The company operates in the electrical machinery and equipment manufacturing industry, specifically in lithium-ion battery production [5]. Group 2: Capital and Financing - Over its nine years of operation, the company has attracted significant capital resources, with 48 shareholders as of September 2025 [8]. - The company completed its D+ round of financing in September 2025, with strategic investments from various funds and companies, including the Beijing Green Energy and Low Carbon Industry Investment Fund [8]. - Previous financing rounds included investments from notable firms such as Huawei, IDG Capital, and Xiaomi [8]. Group 3: Product Development and Collaborations - Weilan New Energy has developed a product matrix that includes high-energy density power cells and ultra-safe energy storage cells, with successful deliveries to major automotive and energy companies [9]. - The company has partnered with BASF to launch a new generation of solid-state battery packs, emphasizing safety through the use of solid electrolytes [9]. - Collaborations with other listed companies, such as Huayou Cobalt and Enjie, have been established to enhance the development of solid-state battery technologies [11][12]. Group 4: Global Expansion - The company has established a global presence with R&D headquarters in Beijing, Europe, and multiple production bases in China and abroad [12]. - Weilan New Energy's business operations extend to various countries, including the United States, Canada, and several European nations [12].

Core Viewpoint - Beijing Weilan New Energy Technology Co., Ltd. has submitted an IPO counseling record to the Beijing Securities Regulatory Bureau, with CITIC Construction Investment Securities as the counseling institution, indicating its intention to go public and expand its operations in the solid-state battery sector [1] Group 1: Company Overview - Weilan New Energy is a spin-off from the Chinese Academy of Sciences, focusing on solid-state lithium-ion batteries, and is recognized as a national-level specialized and innovative small giant and unicorn enterprise [1] - The company has achieved a valuation of 18.5 billion RMB, ranking 455th on the Hurun Global Unicorn List [2] Group 2: Product and Technology - Weilan New Energy has developed a product matrix covering three core areas: vehicle and ship power, new energy storage, and low-altitude power [2] - Key products include: - 360Wh/kg high energy density power cells, capable of over 1000 km range, with mass production delivered to NIO in 2023 [2] - 280Ah ultra-safe energy storage cells, also mass-produced in 2023 for various energy storage projects [2] - 320Wh/kg high energy density low-altitude economic power cells supplied to multiple domestic and international clients [2] - The company has applied for over 400 national patents, with more than 100 granted, covering core materials and technologies for solid-state batteries [2] Group 3: Industrialization and Partnerships - Weilan New Energy has established four production bases in Beijing, Jiangsu, Zhejiang, and Shandong, with an annual production capacity of 28.2 GWh and a planned total capacity exceeding 100 GWh [3] - A recent investment cooperation agreement with Shaanxi Forestry Industry Group will establish a new materials company, with a procurement agreement for 4 GWh of solid-state cells valued at approximately 4 billion RMB [3] Group 4: Financing and Shareholding Structure - Weilan New Energy has completed nine rounds of financing, with the latest D+ round occurring in September 2023, attracting strategic investments from various funds including Beijing's green energy fund [4] - Notable investors include Xiaomi and Huawei, who participated in the B+ round financing in 2021 [5] - The actual controller of Weilan New Energy is Yu Huigen, who holds a 29.25% stake through direct and indirect holdings [5]