Zeon Corporation and Sino Applied Technology are pleased to announce the signing of a strategic partnership in Taoyuan, Taiwan. As part of this collaboration, Zeon will lead a $20 million USD Series C financing round in SiAT to support the expansion of production capacity for conductive paste for single-walled carbon nanotubes (SWCNTs), a key nanomaterial for next-generation battery technologies.

Global demand for lithium-ion batteries is growing rapidly in consumer applications such as electric vehicles, drones and EVTOL aircraft, as well as in industrial sectors including AI server BBUs, renewable energy ESS and automated robotics.

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Source: businesswire.com

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