Zhejiang Xiangbang Technology (Formerly Sinopont)
One of leading solar encapsulant films producers in China.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY200m | Series D | |
| Total Funding | 000k | ||
Zhejiang Xiangbang Technology Co., Ltd., formerly known as Sinopont, operates as a developer and manufacturer of polymer encapsulating films for photovoltaic modules. Founded in 2006 and headquartered in Hangzhou, China, the company has established itself as a key player in the solar materials sector. It has secured significant funding from investors, including a Series D round that raised several hundred million yuan, with participants like GGV Capital, Source Code Capital, and State Power Investment Corporation.
The company's core business revolves around the research, development, production, and sale of high-end functional films used to protect solar cells and extend the lifespan of photovoltaic modules. Its product portfolio includes Ethylene Vinyl Acetate (EVA), Polyolefin Elastomer (POE), and specialized white films. These films are critical components that are laminated with photovoltaic glass and back sheets to encapsulate the battery cells. The POE films, in particular, offer advantages over traditional EVA films, such as lower water vapor transmittance and higher weather resistance, which enhance the durability and long-term efficiency of solar modules, especially in high-temperature and high-humidity environments.
Zhejiang Xiangbang Technology serves the global photovoltaic industry, exporting its products to Europe, America, Southeast Asia, and Africa. A significant milestone in its history is the strategic cooperation established with 3M in 2010, making it an authorized manufacturer and distributor of 3M POE & EVA films. This partnership underscores its position in the market. The company operates multiple production bases in China and has expanded its global footprint by establishing its first overseas manufacturing facility in Ipoh, Perak, Malaysia. This facility, operated by its subsidiary Sinopont Everthriving (Malaysia) Sdn. Bhd., began with a production capacity of 85 million square meters of encapsulants and is expected to expand significantly, bolstering the solar panel manufacturing ecosystem in the region.
Keywords: solar encapsulant film, photovoltaic modules, polymer films, EVA film, POE film, specialty chemicals, renewable energy components, solar cell encapsulation, 3M partnership, photovoltaic materials, solar energy technology, Hangzhou tech, high-tech manufacturing, industrial materials, clean energy, solar power components, functional films, photovoltaic industry supplier, advanced materials, green technology