Yida Capital Strategically Invests in Zhuzhou Times Engineering Plastics to Deepen High-Performance Materials

On September 5th, Zhuzhou Times Engineering Plastics Technology Co., Ltd. (referred to as Zhuzhou Times) officially announced the completion of its Series A financing round, led by Yida Capital, a leading domestic venture capital institution. This round of financing will focus on upgrading the research and development of high-performance engineering plastics and their composites, expanding intelligent production lines, and global market expansion. It marks the capital market’s strong recognition of Zhuzhou Times’ technological strength and forward-looking industry strategy.

As an industrialization platform jointly established by CRRC Times New Materials, a subsidiary of CRRC Corporation Limited, and social capital, Zhuzhou Times has been committed to "replacing imports and leading innovation" since its founding in 2018. The company focuses on the research, development, and production of high-end products such as modified engineering plastics, continuous reaction nylon, and lightweight composite materials. With a scaled production capacity of 50,000 tons of modified engineering plastics and 4,000 tons of continuous reaction nylon annually, it not only meets the supply chain demands of leading domestic and international companies such as CRRC, Mercedes-Benz, and Gree but also achieves breakthroughs in high-end application fields including new energy vehicle battery housings and aerospace structural components.

The core technology system of Zhuzhou Times covers three major dimensions: material design, forming processes, and performance testing.

Material Innovation: The independently developed functional nylon resin, through molecular structure modification, has achieved dual improvement in temperature resistance and wear resistance. The product has passed Mercedes-Benz VDA certification and is used as a substitute for imported materials in automotive power systems.

Technological breakthrough: Continuous Reaction Processing (CRP) technology enables the integration of on-line polymerization and modification of nylon materials, significantly improving production efficiency. The uniformity of the molecular weight distribution of the product has reached an international advanced level, and it has been successfully applied to the vibration damping system of China Railway High-speed (CRH).

Application Expansion: Lightweight thermoplastic composite products adopt long fiber reinforcement technology, significantly reducing density compared to metals while maintaining a tensile strength above 150 MPa. These products have been supplied in bulk to the new energy vehicle battery pack housing market.

With its technological accumulation, the company has received the national-level "Little Giant" certification for specialized and innovative enterprises, holds multiple invention patents, and has participated in the formulation of several industry standards, building a complete technology chain from basic research to industrial application.

Currently, high-performance engineering plastics are experiencing a surge in demand.BuyChemPlastAccording to research institute monitoring, the market size in China is expected to surge from 50 billion yuan in 2025 to 120 billion yuan in 2030, with a compound annual growth rate of 12.5%. This growth is mainly driven by three major sectors:

New Energy Vehicle Revolution: The demand for lightweighting is driving the application penetration of engineering plastics in battery systems and electric drive components. Zhuzhou Times' continuous reaction nylon materials have entered CATL's supply chain.

Advanced Manufacturing Upgrade: The semiconductor equipment sector has seen a surge in demand for high-purity, low outgassing materials. The special functional nano-coatings developed by Zhuzhou Times can meet the cleanroom requirements of process equipment and have made the company a qualified supplier to AMEC.

Green transformation is accelerating: the proportion of bio-based modified materials will increase from 8% in 2024 to 25% in 2030. The polylactic acid (PLA) based composite material, jointly developed by Zhuzhou Times and the Chinese Academy of Sciences, has passed the EU EN13432 biodegradability certification and is being applied in the field of recyclable packaging.

High-performance engineering plastics, known as the "industrial vitamin," directly reflect the level of a nation's advanced manufacturing capabilities. With the advancement of the "dual carbon" goals and the deepening of industrial upgrading, lightweight, functionalization, and greening have become irreversible trends. The collaboration between Zhuzhou Times and Yida Capital is a typical embodiment of this trend—leveraging capital to integrate industry chain resources and promote China's leap from a materials powerhouse to a materials stronghold.

Notably, Yida Capital's investment strategy in the new materials sector demonstrates remarkable strategic foresight. The specialized funds it manages have successfully incubated industry leaders such as Jiachi Technology and Xiechuang Data. The investment in Zhuzhou Times Engineering Plastic Technology is a continuation of its "technology + industry + capital" three-dimensional empowerment model. The two parties plan to engage in deep cooperation in cutting-edge fields such as bio-based materials and semiconductor packaging materials, aiming to jointly seize the high ground of the global high-end materials industry.

This deep integration of capital and industry is not only an important milestone in the development history of Zhuzhou Times Engineering Plastics Technology, but also a vivid example of independent innovation in China's high-performance materials industry.