Beijing Xiahe Technology

About Beijing Xiahe Technology

Beijing Xiahe Technology Co., Ltd., also known as Summer Sprout, is a high-tech enterprise focused on the research, development, and mass production of new OLED materials. Founded in 2017, the company is headquartered in the Zhongguancun Science Park in Beijing, China. The founding team originated from Tsinghua University and other well-known companies within the industry. Xiahe Technology aims to break the monopoly of foreign technology and advance the localization of OLED materials in China.

The company's core business involves developing and manufacturing OLED materials, including transport, injection, and light-emitting layer materials for both evaporation and solution processes. Its commercially mature products include conductive doping materials, red and green doped materials, and red main materials, which represent the highest technical barriers in the OLED material system. Xiahe Technology provides these materials to major OLED panel manufacturers, counting firms like BOE, Samsung, and LG among its key clients and partners. In addition to materials, the company offers OLED optimization and material patent analysis services.

Xiahe Technology has a significant focus on R&D and building an independent intellectual property portfolio, with 590 patents registered. The business model centers on supplying high-value materials directly to panel producers. In June 2023, the company broke ground on a new industrial facility in Jiangsu with a planned annual production capacity of 20 tons, part of its strategy to capture a significant share of the global OLED materials market. The company has successfully raised significant capital to fund its expansion, completing a Series D funding round of approximately $47.2 million in January 2022 and a D+ round of 120 million yuan in August 2023.