ZJJV Advanced Aluminum Alloy Materials Technology Co., Ltd. completed a round A financing of RMB 100 million in July 2020. The funds obtained will be used for technology research and development upgrades and the construction of advanced production bases.
Through nearly 7 years of hard work, ZJJV has successfully developed a new type of rare earth aluminum alloy material, that is, an ultra-microcrystalline scandium aluminum alloy material produced with rare earth scandium and aluminum as the main material. This material is named "scandium aluminum material" . Scandium aluminum material is a basic, strategic and revolutionary parent material. It also has the characteristics of extremely strong, extremely tough, extremely light and inexpensive and good-quality materials. The application market is extremely large. The extremely aluminum new material is the world's first A company with low-cost, large-scale production of scandium aluminum materials.
Mr. Ye Kai, general manager of ZJJV, said: Scandium aluminum materials have three important significance for national development: 1. Break the international control of strategic raw materials;
2. Give full play to the advantages of rare earths and let international raw materials enter the Chinese era;
3. Facing the future, occupy the highest point of lightweight materials.
As a strategic emerging industry, scandium aluminum materials will break the international control of China's strategic raw materials, become a long-term leading national industry, occupy the highest point of light materials, and become the main battlefield of the future industry.
This financing will further help enhance the company's application R&D and process upgrade capabilities, and has great potential in related fields such as aluminum replacing copper and aluminum replacing steel.