Thermoplastic Nylon Composite Company Secures Over 100 Million Yuan in Total Financing

Recently, Hongde New Materials successfully completed its Series A financing, with the total amount raised exceeding 100 million yuan.

Ninghai Hongde New Material Technology Co., Ltd., established in 2017, has a research and development center in Changsha and three major production bases in Ninghai, Deqing, and Changde. The headquarters and production base project for Hongde's thermoplastic lightweight composite materials is located in the Precision Manufacturing Industrial Park of the Changde Economic Development Zone, with a total investment of 1 billion yuan. The main products include thermoplastic components for new energy battery systems, self-lubricating components for automotive steering and chassis, and thermoplastic components for photovoltaic energy storage.

In the composite materials industry, traditional continuous fiber-reinforced thermoplastic composites have long been constrained by the bottleneck of the "unidirectional tape impregnation" process: it demands stringent requirements on resin fluidity, the forming process of the end product is lengthy and complex, and it is difficult to highlight cost advantages in lightweight applications, severely limiting large-scale commercial applications.

Hongde New Materials is one of the few domestic companies that has achieved mass production with both thermoplastic resin transfer molding (T-RTM) and thermoplastic reactive pultrusion processes. The company has mastered mass production technology for thermoplastic nylon composites and has established the first domestic production line for in-situ caprolactam polymerization thermoplastic nylon composite pultrusion and T-RTM, realizing “one-step molding” from polymer monomer to component. This offers the core advantage of traditional composites—“lightweight and high strength.” At the same time, the company has made disruptive breakthroughs in cost and environmental protection: compared with traditional materials such as epoxy resin and polyurethane, costs are reduced by more than 50%, while the products are endowed with “low-carbon, environmentally friendly, and recyclable” characteristics. This perfectly aligns with the core needs of industries such as new energy and infrastructure for “cost reduction, efficiency improvement, and green development.”

At present, Hongde New Materials has secured project cooperation and recognition from leading customers in segmented markets such as power and energy storage battery enclosures, lightweight automotive body structural parts, and photovoltaic municipal and public engineering scenarios, with some products already being delivered in bulk. In addition, in emerging fields such as the low-altitude economy and 3C, Hongde New Materials is working closely with downstream customers to explore integrated design application solutions and continuously expand its market boundaries.