Shandong Hengsheng Graphite Technology Co., Ltd announced that it has received an equity round of funding on September 26, 2023. The transaction included participation from new investors Shanghai Orient Securities Capital Investment Co., Ltd., Shenyin & Wanguo Investment Co. Ltd., Galaxy Venture Capital, GRINM Semiconductor Materials Co., Ltd., Shanghai Kaiyuan Sichuang Investment Co., Ltd., Shandong Shanfa Green Private Equity (Investment) Fund Management Co., Ltd. The round is raised at a valuation of CNY 5,000,000,000.