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09/11
2023

AGF Monthly | News Regarding AGF’s Portfolios in August

09/11

PART 01 Financing Developments

• Leadsynbio Raised Hundreds of Millions in its Series D Financing to Further Improve the Industrial Layout
Leadsynbio has completed hundreds of millions of series D financing, which is led by the existing investors: Lilly Asia Ventures and Sherpa Healthcare Partners. The fund will go towards strengthening independent innovation R&D, improving industrial layout, and comprehensively enhancing its market and product competitiveness.   

PART 02 Enterprises News

• Enpower has Successfully Developed an All-solid-state Battery with High Energy Density
Recently, Enpower and Softbank jointly developed an all-solid lithium metal battery using sulfide solid electrolyte and lithium metal negative electrode, and successfully manufactured ampere-hour (1-10Ah) ASSB cells, with the measured energy density reaching 300 Wh/kg. The ASSB released this time has achieved breakthrough results in a series of major problems such as its material preparation, construction of the three-dimensional interface, manufacturing technology and equipment development of solid-state electrodes, etc., which is an important milestone in the industrialization of all-solid-state batteries.
 
• Atantares and Biosysen Reached a Strategic Cooperation
On August 14th, Atantares and Biosysen jointly announced their strategic cooperation. They will combine their leading advantages in the construction of the front-end infrastructure of synthetic biology, promote each other's R&D and commercialization progress, jointly build a modular high-throughput and low-cost design and manufacturing platform, build the bio-manufacturing industry ecology, and accelerate the development of related industries.

• Sunwoda EVB’s First Europe Factory Landed in Hungary
To deepen its global strategic layout, and better explore the international market and customers, Sunwoda EVB cost about RMB1.9 billion in Hungary through its subsidiary to build the phaseⅠEVB factory of new energy automobiles, mainly engaged in the manufacturing and sales of lithium-ion battery and power battery systems. The project in Hungary is Sunwoda’s first self-owned production base in Europe, aiming at further improving the company's business layout and enhancing the global market share, which is of great significance to the company's long-term stable development.

• BWI Group Broke Through the European Market and its Core Products Appeared at the International Conference
Recently, BWI Group won the brake-by-wire project of a well-known European automobile group, including 2-Box and 1-Box, with a scale of RMB1.6 billion. This is the first time that BWI products landed in Europe since the Delphi era. In addition to the supply of ESC, the 1-Box system will soon be landed in North America through this order. This is a great breakthrough for BWI, and it also means China's R&D is being recognized by the global mainstream market.

BWI Group presented its core products at the 2023 International Electric Vehicle Intelligentchassis Conference, including the Air Suspension System, Magnetorheological Shock Absorber, Fixed Caliper, Carbon Ceramic Brake Disc, 2-Box, 1-Box, etc., fully demonstrated the excellent R&D strength of BWI as a world-class supplier of automobile suspension and braking systems.

• BABO Cooperated with JD.COM Supermarket
On August 25th, BABO and JD.COM Supermarket held a signing ceremony for the agreement for 2023. In this strategic cooperation, the two sides will jointly build an industrial belt, which will benefit the surrounding towns and villages to help farmers increase their income, coordinate the common development of the whole industrial chain, and contribute more to the bamboo fiber ecological industry. 

• East Low Carbon and MojiaBio Try to be a Benchmark of Green Bio-manufacturing
East Low Carbon reached cooperation with MojiaBio for the +AIoT Smart Energy Management Platform project. East Low Carbon will actively help MojiaBio to implement sustainable practices in the manufacturing process from the aspects of carbon reduction and energy intelligence management. They will jointly create a demonstration benchmark for green bio-manufacturing and work together to cope with the challenges of global sustainable development.

• Anxin Group and CCB Housing (Guangdong) Reached a Strategic Cooperation
Recently, Anxin Group and CCB Housing Service (Guangdong) reached a strategic cooperation and completed the signing ceremony. Their in-depth cooperation will focus on affordable housing, public rental housing, special rental land, policy rental housing, old city reconstruction, park facilities, and other projects.

PART 03 Honors

• ACE Battery Secures UL CTDP Laboratory Certification and Achieves First Low-Carbon Product Certification
ACE Battery has successfully obtained the UL CTDP laboratory certification from Underwriters Laboratories (UL), a globally recognized safety science organization. This prestigious certification validates that ACE batteries and battery storage meet rigorous quality standards, encompassing functional safety, environmental impact, and interoperability.

After undergoing rigorous assessment by CVC's experts, ACE Battery’s independent brand project, ZE20292, has successfully passed scrutiny and received official recognition through the low-carbon product certification. This certification underscores that ACE Battery's products undergo thorough environmental considerations across production, distribution, and usage, ensuring maximal reduction in carbon emissions and environmental impact.

• Kingwills™ Won the "2023-100 Future Stars of Enterprises"
On August 13th, the 23rd "China Future Stars of Enterprises" organized by "China Entrepreneur" magazine was held in Guangzhou. In this event, the list of "2023-100 Future Stars of Enterprises" was released, and Kingwills™ Advanced Materials won the annual glory for its innovative technology to break the monopoly and outstanding development as a new materials science and technology enterprise.
 
• Horen Group Gains National Awards

Recently, the CNIPA released the 24th China Patent Award. The invention patent of "Wireless Verification Method and Device for Recyclable Logistics Instruments" (the patent number: ZL201510097246.X), which was independently developed by Horen Group, won the 24th China Patent Excellence Award. This is the second time that Horen won the China Patent Award since 2020.

In addition, the 2023 Green Technical Innovation and Promotion Conference was held in Huzhou. The technical achievements of "R&D of zero-carbon recycling technology for intelligent packaging and industrialization of green recycling service for industrial manufacturing" were successfully selected as one of the 2023 Top10 Green and Low-carbon Technical Achievements.

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