Lanxi Zhide New Energy Materials Co., Ltd. (兰溪致德新能源材料有限公司), one of China’s leading silicon-carbon anode producers, has completed a Series E funding round of over ¥600 million (approximately USD 87.9 million). The round was co-led by Chaoxi Capital and Dachen Caizhi, with existing investors CAS Investment, Junhao Capital, and Huajin Capital continuing to provide support.
Background and Technology
Founded in 2018, Lanxi Zhide is among the earliest Chinese enterprises to focus specifically on next-generation silicon-carbon anode materials. The company’s founding team brings deep expertise across the new energy materials value chain: founder Fang Bing holds more than a decade of experience in carbon material commercialisation, whilst co-founder Chen Qinghua is a recognised specialist in carbon-carbon composite materials and chemical vapour deposition (CVD) technology.
Lanxi Zhide has built its competitive position around a technology route combining spherical phenolic resin porous carbon with CVD processing — a pathway the company identified early and has pursued with a vertically integrated approach. Both the porous carbon framework and the core CVD production equipment are developed and manufactured in-house, enabling the company to address longstanding industry challenges including high expansion rates, short cycle life, and inconsistent mass production quality. The company reports that its products have successfully passed validation at multiple leading lithium battery manufacturers, with core performance metrics in some areas surpassing international peers.
CVD-based silicon-carbon anodes represent the mainstream technical route for next-generation anode materials, but the process requirements — particularly around porous carbon scaffold preparation, uniform silane deposition, and large-scale equipment development — are exceptionally demanding. Very few companies in the industry have achieved stable, scalable production at commercial volumes, which positions early movers such as Lanxi Zhide favourably as downstream demand accelerates.
Market Context
The ongoing upgrade cycle in electric vehicles and consumer electronics is driving demand for lithium batteries with higher energy density, longer cycle life, and faster charging capability. Traditional graphite anode materials are approaching their theoretical capacity limits, and silicon-based anodes — with a theoretical specific capacity approximately ten times that of graphite — are widely regarded as the next-generation core anode material for lithium batteries.
Policy support has reinforced this trajectory. China’s Ministry of Industry and Information Technology has set mandatory energy density and cycle life targets for power batteries under its lithium battery industry standards, with requirements that push beyond the performance ceiling of conventional graphite anodes. The high-capacity silicon-carbon anode category has been designated as an encouraged industry under China’s industrial restructuring guidelines, and the Ministry of Science and Technology has identified high-capacity silicon-based anode materials as a priority focus under its new energy vehicle key projects programme.
From a demand perspective, the penetration of silicon-carbon anodes in premium consumer electronics has risen sharply, with China’s high-end flagship smartphones broadly adopting silicon-carbon anodes as standard by 2025. In the power battery segment, accelerating commercialisation of high-energy-density ternary batteries and semi-solid/solid-state batteries is drawing silicon-carbon anodes into the mainstream. Emerging sectors including low-altitude aviation and embodied AI are expected to provide further demand tailwinds, given their dependence on high energy density battery solutions.
Investor Commentary
Chaoxi Capital, which has a long-standing focus on the new energy value chain, articulated its investment rationale as follows:
“First, we hold a strong conviction in the high-certainty growth opportunity in the silicon-carbon anode sector. Upgrading battery materials is the central thread of the new energy industry’s continued development, and silicon-based anodes represent one of the highest-certainty, highest-growth segments in the current anode material upgrade cycle. Second, Lanxi Zhide has demonstrated highly forward-looking judgement on industry technology trajectories, combined with first-class execution capability across the full cycle of R&D, mass production, and commercial deployment. The founding team’s deep understanding of the industry and strong execution are the core foundations for the company’s future leadership position. Finally, the company’s vertically integrated full-industry-chain structure creates long-term advantages in product quality control, cost management, and supply stability, enabling it to deliver greater value to customers.”
Looking ahead, Lanxi Zhide has indicated it will continue to focus on technology development and capacity expansion in silicon-carbon anode materials, with a view to advancing higher silicon content product lines and expanding its customer base across both consumer and power battery markets.
Note: All CNY figures converted to USD at an approximate rate of 1 USD = 6.83 CNY as of April 11 2026.
Sources Shimo Shixun (石墨时讯), “负极黑马完成超6亿元E轮融资”, WeChat, April 10, 2026.
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