Core Viewpoint - Hangzhou Xinchuan New Materials Co., Ltd. has secured 50 million yuan in B+ round financing, aimed at developing and mass-producing new electronic components and core materials for photovoltaics, as well as expanding production capacity [1] Company Overview - Founded in August 2017, Xinchuan New Materials is headquartered in Xiaoshan District, Hangzhou, and aims to become a global provider of basic materials for electronic information and green energy [1] - The company has developed nickel powder for MLCC (Multi-layer Ceramic Capacitor) inner electrodes, addressing the challenge of domestic high-end MLCC material production [1][2] Product Development - Xinchuan New Materials has achieved mass production of nickel powder for MLCC and ultra-fine soft magnetic powder for AI applications, while also advancing the scale application of high-end powder materials for photovoltaics and hydrogen production [1][8] - The company’s nickel powder products have been recognized as a new industrial product in Zhejiang Province for 2024 and are among the first in the country [1] Market Position - The MLCC market is dominated by Japanese and Korean companies, which hold over 70% of the market share, while domestic suppliers like Xinchuan New Materials aim to fill the gap in the production of 200nm and below nickel powder [2] - Xinchuan New Materials has received strategic investment from Japan's Inabata & Co., which supports its expansion into the Japanese market [7] Technological Advancements - The company has developed a proprietary evaporative condensation method for powder production, which automates the heating and cooling processes, enhancing production efficiency and yield [3][5] - Xinchuan New Materials has successfully produced 150nm and 200nm graded nickel powder, with plans to develop new nano-level nickel powder cooling and grading processes by 2025 [7] Future Plans - The company plans to achieve a production capacity of 1,500 tons of ultra-fine metal powder by 2025, with an increase to 2,000-2,500 tons by 2026, and is considering a third production base depending on market conditions [11] - Xinchuan New Materials is also focusing on developing copper powder for photovoltaics, which is expected to significantly reduce costs in the solar industry [9][11]