Shanghai Meiyuan Power Technology
Development and production of solid-state magnesium-based hydrogen storage materials and systems.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY20.0m | Series A | |
| Total Funding | 000k | ||
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Shanghai Meiyuan Power Technology Co., Ltd., also known as MG Power, was established in March 2017 and operates within the new energy technology sector. The company's legal representative is Chen Zhe, who also serves as the chairman. Zou Jianxin holds the position of chairman, and Chen Xi is a director. Chen Zhe has a background in strategic and financial management, having held positions at China Water Investment Company and China Three Gorges Corporation.
The core of MG Power's business revolves around the development, consultation, and transfer of power and new energy technologies. The company focuses specifically on the production of high-capacity magnesium-based hydrogen storage and release equipment, as well as complete fuel cell sets. By creating a pilot production line for these materials, the firm aims to scale up production, which in turn is expected to lower costs and broaden market applications. Its business activities also include the sale of electronic products, solar equipment, and metal materials, alongside engagement in import and export operations. The company has established production bases in Zhejiang and Anhui to support its expansion.
MG Power's strategy is to integrate capital with technology to build out the entire industrial chain, from the production of magnesium hydrogen storage materials to their final application. The company operates a 1,800-square-meter facility in the Pudong Lingang New City Industrial Zone. As of April 2025, the company successfully completed an equity financing round amounting to tens of millions of yuan, indicating investor confidence in its growth trajectory.
Keywords: magnesium-based hydrogen storage, fuel cells, new energy technology, power technology, hydrogen energy, energy storage materials, cleantech, advanced materials, alternative energy, sustainable technology, hydrogen fuel cells, metal hydrides, renewable energy components, energy equipment, industrial technology, green energy, advanced manufacturing, energy solutions, hydrogen production, China new energy