12/09
2025
AGF Monthly | News Regarding AGF’s Portfolios in Nov.
12/09
PART 01 Financing Updates
Enpower Completes Hundreds of Millions in Series B+ Funding with Asia Green Fund's Continued Backing
Enpower has secured hundreds of millions in a Series B+ round with continued backing from existing investor Asia Green Fund, joined by Beijing’s green energy and new materials funds. The capital will accelerate R&D, production scale-up, and market expansion for its solid-state batteries.
PART 02 Enterprise News
Kingwills Advanced Material™ Live at A+A 2025, Contributes to International Standards
Nov. 4, Kingwills Material™ presented its innovative core product, Hypak™, at 2025 A+A Trade Fair, the world's leading trade fair for safety, security, and health at work. The material's revolutionary performance captured significant attention from the global safety industry.
As well as Kingwills debuts at the ISO/TC 94 Annual Meeting on Clothing, Hand Protection, and Fall Protection 2025 to contribute to the development and revision of international standards, deepening its engagement in the global standards community.
Enpower Debuts at Prestigious International Expo, Releases Solid-State Battery Whitepaper
From Nov. 5 to10, the 8th China International Import Expo (CIIE) was successfully held in Shanghai. As one of the startups invited by the BMW Group Asia-Pacific Technology Center, Enpower made a notable appearance in the Innovation Incubation zone. There, the company showcased a range of its groundbreaking achievements and cutting-edge products in solid-state battery technology.
From Nov. 16 to 17, Enpower was invited to participate in the CBIS 2025. Together with industry chain partners including Gotion High-Tech, Farasis Energy, and Sunwoda, the company jointly released the <2025 China Solid-State Battery Industry Development Whitepaper>. The document provides a comprehensive analysis of the current industry's status, technological breakthroughs, and future trends, while delving into key challenges and opportunities across the industrial chain. It also proposes policy recommendations and practical pathways to accelerate industrial commercialization.
LifeLabs Partners with Kingwhale and Returns to Functional Fabric Fair Portland 2025
LifeLabs has announced a strategic partnership with Kingwhale, a global leader in high-performance fabrics, to jointly advance the application of dynamic temperature-regulating technology in sport and lifestyle sectors. This collaboration will integrate LifeLabs' CoolLife® and WarmLife® technologies into Kingwhale's diverse range of knit, woven fabrics, and future R&D, offering global brands and consumers a new dimension of comfort and dynamic thermal management.
From Nov. 11 to 13, LifeLabs showcased its latest CoolLife® and WarmLife® innovations at the Functional Fabric Fair (FFF) 2025 in Portland, USA.
Baoying High-Purity Hydrogen Project Approved, Set for 2027 Launch
The Baoying high-purity hydrogen production project has been officially approved by the review committee of the Planning and Construction Bureau of Wuhu Economic and Technological Development Zone. With the project establishment completed and construction now undergoing administrative approval procedures, all preparatory work is advancing systematically—marking its formal transition into the implementation phase. Site construction is scheduled to commence in December 2025, with the first production line beginning trial operations by September 2026. The project is expected to reach its designed annual capacity of 4.2 million cubic meters by the first quarter of 2027.
SEVB and WANT2 FLY Aviation Sign Cooperation Framework Agreement
SEVB officially announced a framework cooperation agreement with QANT2 FLY Aviation on Nov. 19. The partnership will focus on the R&D and application of power systems for new-energy eVTOLs (electric vertical take-off and landing aircraft) in complex scenarios. Leveraging SEVB's nearly three decades of battery technology expertise, the collaboration aims to accelerate the airworthiness certification and commercial deployment of WANT2 FLY's core aircraft models, jointly exploring new opportunities in the low-altitude economy industry.
BWI Group Participates in Key Automotive Industry Forums
Nov. 20, BWI Group was invited to attend the 5th Automotive AI Intelligent Chassis Conference and a dedicated technology exchange session with Volkswagen Group. The company delivered comprehensive presentations on its integrated achievements combining magnetorheological suspension systems with AI technology. The events also served as a platform to showcase BWI’s complete domestic technology portfolio within the intelligent chassis sector.
Horen Group Partners with Tsinghua University's G20 Entrepreneurship Research Center to Launch Global "Industrial Green Collar Initiative"
The 9th G20 Entrepreneurship Roundtable 2025 was successfully held in Shanghai from Nov. 4 to 5. As the host, Horen announced the global expansion of its previously China-focused "Zero-Carbon Circular Entrepreneurship Program" into a broader cooperation platform within the G20 framework. In collaboration with Tsinghua University's G20 Entrepreneurship Research Center, Horen co-launched the "Industrial Green Collar Initiative"—the first international project dedicated to talent development for green supply chain industries. The initiative will select young entrepreneurs and SMEs from G20 and Belt and Road countries to promote the localized implementation of green supply chain technologies and solutions.
Leadsynbio Showcases at 93rd API China
The 93rd API China – a leading trade event for pharmaceutical ingredients, intermediates, packaging, and equipment – opened on November 12 in Chongqing. Leadsynbio attended with a range of bio-manufactured ingredients, highlighting its proprietary innovations and synthetic biology technology platform. The appearance also signaled the company’s clear commitment to global market expansion and accelerated commercial deployment.
JJC TEC Showcases Intelligent Petroleum Solutions at 8th CIIE
As a pioneer in intelligent petroleum solutions, JJC presented at the 8th China International Import Expo (CIIE), showcasing its Tripro® intelligent petroleum system and AI-driven innovations. The exhibition demonstrated the company's advanced progress in driving intelligent transformation within the oil and gas sector. During the event, JJC further solidified its industry partnerships by signing a strategic cooperation agreement with Schlumberger China Power, marking a significant new phase in their collaboration.
Huitongda Acquires AI SaaS Firm Boundary Consulting
Nov. 18, Huitongda announced the signing of a share purchase agreement with Boundary Consulting, a technology company specializing in intelligent solutions for the e-commerce and retail sectors. Both companies bring deep AI expertise in the B2B domain, and will now combine their strengths to develop leading AI products and digital-intelligent solutions for retail and industrial clients. This strategic move aims to harness new productive forces like AI and explore innovative business models, thereby accelerating the digital transformation of the retail industry and related supply chains.
PART 03 Enterprise Honors
Enpower Secures Industry Accolades, Powers Politecnico di Milano
Enpower has been honored with multiple industry awards in recognition of its technological breakthroughs in solid-state batteries and innovative applications across specialized segments. The company received the 15th 2025 China Battery New Energy Industry "Growth Potential Award", and the GGLB 15th Anniversary "Market Expansion Award".
In parallel, Enpower contributed to competitive success on the international stage by supplying core power components for the electric motorcycle of Politecnico di Milano's team in MotoStudent 2025, which provided critical support for the vehicle's high performance, helping the team achieve outstanding results.
SEVB Named 2025's Top-Recommended Fast-Charging Battery Brand for New Energy Heavy Trucks
Nov. 25, SEVB's "Xin Heng Neng" high-capacity fast-charging battery for heavy-duty trucks received the award of "2025's Top-Recommended Fast-Charging Battery Brand for New Energy Heavy Trucks" in the annual selection hosted by First Commercial Vehicle Network. This recognition underscores the industry's strong endorsement of SEVB's technical capabilities and market performance in the commercial vehicle power battery sector.
AICT Garners Multiple Prestigious Awards
Recently, the 29th China National Exhibition of Inventions and the 6th CIDEE were held concurrently in Hebei. AICT, in collaboration with the University of Science and Technology Beijing and EEASY·TECH Co., Ltd., was awarded the Gold Medal for its project "Edge-Side Intelligent Security Computing Device and Applications". The award recognizes the project's innovative strengths in high-precision AI-driven traffic technology, as well as its significant economic and social benefits.
In addition, the project received four international honors, including the Best Invention Award and Grand Prix at the Nikola Tesla International Invention Festival as well as the Gold Medal and IFIA Best Invention Award form INOVA International Invention Exhibition.