Hangzhou Xinchuan New Material
Leading producer of spherical nickel and copper powders for metal additive manufacturing, photovoltaic, and electronics applications.
- CEO / Founder
- Xie Shangchuan
- Team Size
- 51-200
- Stage
- Active
- Total Funding
- $35M
- Latest Round
- Pre-IPO
- Key Investors
- Legend Capital; Zheshang Venture Capital; Inabata; Fuzhe Technology; Zhejiang Communications Investment; Hangzhou Urban Construction Investment; Shenzhen Xinghe Capital; Shenzhen SME Credit Financing Guarantee Group; Shanghai Xintongquan; Painuo Capital
Technology & Products
Key Products
Spherical nickel powder; Copper powder
Technological Advantage
Strategic focus on high-growth verticals (AI and Photovoltaics) within the Chinese domestic supply chain for advanced materials.
Differentiation
Value Proposition
Ultra-pure AM powder production for high-performance industrial applications
How They Differentiate
Focuses on high-purity spherical metal powders specifically for AI and photovoltaic fields, distinguishing it from general industrial powder suppliers.
Market & Competition
Target Customers
Industrial manufacturers in the AI, photovoltaic, and additive manufacturing sectors.
Industry Verticals
AI; Photovoltaic; Additive Manufacturing; Electronics
Competitors
Bocian New Materials; Shoei Chemical; CNPC Powder
Growth & Milestones
Growth Metrics
Production capacity projected to reach 4,000 tons in 2026 and 6,000 tons in 2027; Revenue growth exceeding 50% YoY; Completed shareholding reform in July 2025; Plans to go public in 2028
Major Milestones
Founded in 2017; Reported 'important progress' in product development and market reach as of 2024/2025
Notable Customers
Leading AI chip manufacturers (for AI server inductors); Mainstream global inductor manufacturers; Japanese and South Korean MLCC manufacturers