Greater Bay Technology
Founded Year
2020Stage
Series A | AliveTotal Raised
$157.15MValuation
$0000Last Raised
$157.15M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-67 points in the past 30 days
About Greater Bay Technology
Greater Bay Technology specializes in electric vehicle battery solutions and charging infrastructure within the automotive industry. The company provides battery technologies, including extreme fast charging (XFC) batteries, aimed at reducing charging times for electric vehicles. Greater Bay Technology primarily serves the electric vehicle manufacturing sector with its battery systems and charging solutions. It was founded in 2020 and is based in Guangzhou, Guangdong.
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Expert Collections containing Greater Bay Technology
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Greater Bay Technology is included in 2 Expert Collections, including Energy Storage.
Energy Storage
5,352 items
Companies in the Energy Storage space, including those developing and manufacturing energy storage solutions such as lithium-ion batteries, solid-state batteries, and related software for battery management.
Unicorns- Billion Dollar Startups
1,257 items
Latest Greater Bay Technology News
Dec 6, 2024
GAC’s EV unit Aion showcased the Hyper SSR surpercar with a price tag of RMB 1.28 million ($176,640) at the BEYOND EXPO 2024, held in Macao between May 22-25, 2024. Credit: TechNode/Jill Shen GAC will sell more than half of its interest in Greater Bay Technology, one of its two electric vehicle battery units, to its parent company, the Guangzhou Automobile Industry Group, in a transaction aimed at improving the balance sheet of the mainland-listed automaker. GAC will hold an indirect stake of 15.6% in the battery maker after the RMB 1.3 billion ($179 million) deal, which will see its net income increase by RMB 2.2 billion in the fiscal year of 2024, the automaker said in a filing on Tuesday. Set up in 2020 with a focus on high-performance, nickel- and cobalt-based batteries with fast charging capabilities, Greater Bay Technology recorded a net loss of RMB 449 million during the first nine months of this year. GAC, a manufacturing partner of Toyota and Honda in China, is also making affordable iron-based lithium-ion batteries with another wholly-owned subsidiary, Inpai Battery Technology Co., Ltd. Sales of GAC’s new energy vehicles, which refer to all-electrics and plug-in hybrids, slumped by 23% to 377,421 units as of November this year. [ GAC filing , in Chinese] Related
Greater Bay Technology Frequently Asked Questions (FAQ)
When was Greater Bay Technology founded?
Greater Bay Technology was founded in 2020.
Where is Greater Bay Technology's headquarters?
Greater Bay Technology's headquarters is located at Building 1, No. 8, Qijie 3rd Road, Nancun Town, Panyu District, Guangzhou.
What is Greater Bay Technology's latest funding round?
Greater Bay Technology's latest funding round is Series A.
How much did Greater Bay Technology raise?
Greater Bay Technology raised a total of $157.15M.
Who are the investors of Greater Bay Technology?
Investors of Greater Bay Technology include Tencent, GF Xinde Investment Management Co., BOC & UTRUST Private Equity Fund Management, Utrust Venture Capital, Qingshi Investment and 9 more.
Who are Greater Bay Technology's competitors?
Competitors of Greater Bay Technology include GDI and 5 more.
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Compare Greater Bay Technology to Competitors
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