GUANGZHOU, China, Sept. 20, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading autonomous aerial vehicle ("AAV") technology platform company, announced its strategic investment in Shenzhen Inx Technology Co., Ltd. ("Inx"), a solid-state lithium metal battery technology company in China, and its plan to cooperate with Inx on the research, development and production of solid-state lithium metal batteries for EHang AAV products.
This PreA+ funding round of Inx was led by GL Ventures, with the participation from Connected Intelligence Fund, Qilu Qianhai Fund, EHang, and its existing investor Fenghe Capital. The funding will primarily be used for Inx's R&D on solid-state lithium metal battery technologies, market expansion, production and deliveries.
Founded in 2020, Inx is a high-tech company specializing in the research and production of solid-state lithium metal batteries with core patents in materials, processing, manufacturing and battery designs. The company gathers a world-class team with expertise on advanced battery technologies, plus an experienced engineering, manufacturing, and sales operation team. An advanced 200MWh solid-state lithium metal battery production line, key material preparation line, and solid-state battery analysis and testing platform have been established.
Inx's solid-state lithium metal battery differs from existing traditional lithium-ion batteries by using lithium metal instead of graphite as the negative electrode and solid-state electrolyte instead of liquid electrolyte separators. This structural change enables a significant leap in energy density while ensuring extremely high battery safety.
Dr. Lin Chen, Chairman and Head of Research & Development of Inx, stated that after over a decade experience of dedicated research and technological development, Inx's solid-state lithium metal batteries have now ...