
Nongfu Spring founder-backed lab deepens bet on battery safety startup
The sequence of investment, relocation and follow-on funding points to a deeper consolidation of Qifang within Zhong’s expanding advanced materials portfolio.

The sequence of investment, relocation and follow-on funding points to a deeper consolidation of Qifang within Zhong’s expanding advanced materials portfolio.

The deal marks Zhong’s first move into EV battery materials. It also extends his strategy of targeting upstream industrial sectors rather than consumer-facing businesses.