Vital Thin Film Materials Co.
Limited (VTFM - subsidiary of Vital Group) successfully secured Series A
financing, announced during a strategic investment conference held at Ritz
Carlton Guangzhou on January 6, 2022. This round of capital investment was led
by Private Equity firm of CICC Capital, electric car maker BYD Co., Sinopec
Group Capital Corporation, TBEA Group, and other firms. Through this round of
investment, VTFM established a strategic cooperative relationship of
sustainable development with these enterprises.
VTFM will continue to improve its
product matrix, to invest in R & D on products supporting applications
including semiconductor display, heterojunction and thin-film solar, and
solid-state fuel cells, while further expanding market scale/scope for existing
products.
Speakers from leading
organizations including Department of Industry and Information Technology, CICC
Capital, BYD Investment Office, Sinopec Capital, Vital Group, and Boston
Consulting Group addressed the conference. The speakers shared their enterprise
experience as well as cutting-edge industry information on technology.
George
Zhu, chairman of Vital Group, gave a keynote speech on "gathering
potential to generate wisdom and lead the future", introducing the
business structure, industrial layout, terminal application and development
blueprint of Vital. Vital Group has a solid business foundation and is now
entering a comprehensive acceleration period. In the future, VTFM will pursue opportunities, based on its first mover advantages in heterojunction and
perovskite solar cells technology, continue to develop new products, continue
to expand on its leading advantages in display and new energy photovoltaic
industry materials, strengthen industrial chain capabilities, deepen capital strength,
while building a world leading technology brand.