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10/11
2023

AGF Monthly | News Regarding AGF’s Portfolios in September

10/11

PART 01 Financing Developments

• XCharge Receives Investment from Shell Ventures
On Sep. 20th, XCharge Group, a global leader in battery-integrated charging solutions, secured a new investment from Shell Ventures. This marks the second successive investment from Shell Ventures, following a successful Series-B funding round in 2021. The latest funding round is set to propel XCharge's ambitious expansion plans, reinforcing its position in the competitive EV charging industry.

PART 02 Enterprises News

• ACE Battery Shines at RE+2023
On Sep. 12th, ACE Battery left a notable mark at RE+2023, formerly recognized as Solar Power International (SPI & ESI), held at the Sands Expo Center in Las Vegas, USA. ACE Battery has diligently tracked industry trends, deeply entrenched in the North American energy storage market, and catering to the diverse energy storage needs of local customers.

• Sunwoda EVB Launched the 314Ah Energy Storage Battery, which Shines at Many International Exhibitions
Recently, the 314Ah energy storage battery, which is independently researched and developed by Sunwoda EVB, will be widely used in the new generation system. It can realize 4.17MWh system energy for the standard 20-foot energy storage container, breaking through the incompatible technical problems of greater lifespans, higher capacity, higher safety, and more intelligent management. Furthermore, Sunwoda EVB has brought this advanced technological achievement to many international exhibitions in Germany, North America, and other places, once again clarifying China's clean energy and green low-carbon technology strength to the world and winning wide acclaim and praise from home and abroad.

• XCharge Appeared at Shenzhen International CPSE
From Sep. 6th to 8th, the International Charging Pile and Battery Swapping Station Exhibition (CPSE) was held at the Shenzhen World Exhibition & Convention Center. XCharge presented four products: SaaS Cloud Platform--a digital full-function charging operation management platform, three of them are smart charging technology hardware products: C6 Smart DC Charging Pile, C9Pro Split Super Charging Pile and C9Mini Split Super Charging Pile.
  
• Anxin Group and Huangpu Anju Group Reached a Strategic Cooperation

Recently, Anxin Group and Huangpu Anju Group have reached a strategic cooperation. They will focus on the rental community for industrial and technical talents, cooperate extensively in development, positioning, decoration, and operation, and deeply integrate human resources, capital, and technical resources to their own advantage to realize the vision of building a beautiful living community for Huangpu talents.
 
PART 03 Honors

• ACE Battery Recognized as "ESG Pioneer Company" by Dun & Bradstreet
ACE Battery was honored with the title of "ESG Pioneer Company" during the "Reshaping Value, Linking the Future" 2023 Dun & Bradstreet ESG (Environmental, Social, and Governance) and Sustainable Supply Chain Development Forum. In the coming years, ACE Battery will navigate evolving ESG regulations with confidence. Through relentless technological innovation, will empower its customers, and supply chain to operate with eco-conscious, low-carbon principles, fostering sustainable and mutually beneficial development.
  
• Sunwoda EVB Won Honors by Geely Auto and DFPV
Recently, Sunwoda EVB won awards of 2023 Best Product Innovation by Geely Auto and the 2023 Excellent Cooperation by Dongfeng Motor Corporation Passenger Vehicle Company for its innovative technology products such as flash batteries, sodium-ion batteries, solid-state batteries and full-scene power battery solutions.

• Horen Group is Selected as the 2023 Excellent Case of "Future Sustainable Investment" by BPEA
On Sep. 4th, the Beijing Private Equity Association published the "Future Sustainable Investment" cases at the 2023 Global PE Forum, Horen Group was selected as a representative of green technology enterprise, which fully demonstrated the green development concept and innovative solutions of net zero cycle. In addition, Liao Qingxin, Founder and CEO of Horen, as a representative of the recycling packaging industry, was named a hard technology business leader by . Under the leadership of Mr. Liao, Horen will continue to promote the R&D of industrial core technologies tackle key problems, and provide green new kinetic energy for the society in the era of digital economy.
 
• Huitongda is Awarded as Outstanding Enterprise
On Sep. 12th, the All-China Federation of Industry and Commerce published the "2023 China Top500 Private Enterprise". Huitongda has been listed for five consecutive years with a revenue of more than RMB80.35 billion in 2022, and ranks 120th in the list, up 29 places from last year.

On Sep. 20th, CEC·CEDA released the "China Top 500 Enterprise". Huitongda ranks 301st, up 46 places from last year. Huitongda ranks 102nd on the "2023 China Top500 Service Enterprises", and ranks 69th in the "2023 China Top100 Leading Enterprises of Strategic Emerging Industry".

• XCharge Integrated Energy Storage Charging Pile is Awarded the TÜV Mark
On Sep. 6th, TÜV Rheinland awarded XCharge the TÜV Mark for its self-developed integrated energy storage charging pile, which is also the first TÜV Mark in China in this field. The certification marks that the energy storage charging pile products of XCharge meet the requirements of European security technology, laying the foundation for the products export to the European market.
  
• Atantares Dong Yiming is Awarded the 2023 Pioneer in Science & Technology—She Power
and ISTIS jointly published the list of 2023 Pioneers in Science and Technology, aiming at exploring the Chinese outstanding entrepreneurs in the science and technology field and promoting its development. Ms. Dong Yiming, CSO of Atantares, is awarded as the 2023 Pioneer in Science & Technology—She Power for her scientific and technological innovation in high-throughput DNA synthesis technology.

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