China's Xinjinghe Raises Fresh Funding to Scale Space Metal 3D Printing

Building a Space Parts Factory

Xinjinghe Laser Technology Group has closed a new equity round co-led by CMC Capital's Huawen Qingneng fund and the Chuzhou municipal government. The company will use the capital to build an aerospace additive manufacturing hub in Chuzhou and expand production capacity across its powder-bed, powder-fed, and wire-fed metal systems.

Founded in 2015 in Huzhou, Zhejiang, Xinjinghe occupies an unusual position in China's metal 3D printing ecosystem. It designs and sells industrial equipment while also running its own high-value printing services. That dual model gives it direct exposure to the needs of customers and a feedback loop for hardware improvements.

Why Space Is Driving Demand

China's commercial space sector has accelerated faster than its domestic supplier base can keep up. Rocket companies need thrust chambers, nozzles, and combustion chambers in quantities that traditional forging and machining cannot deliver quickly or cheaply. Additive manufacturing solves both problems: complex internal channels become printable, and lead times drop from months to days.

CMC Capital partner Gu Xiaoli noted that downstream applications have reached a critical demand inflection point. Investment director Hua Yiqun emphasized the stickiness of aerospace certification. Once a supplier wins approval for a core rocket engine part, replacing that supplier is costly and slow. That gives Xinjinghe a first-mover advantage that is hard for competitors to replicate.

Beyond Rockets

Xinjinghe has already diversified into server liquid-cooling components for a global semiconductor customer and initiated joint development with a major consumer electronics brand. It has also fielded inquiries for nuclear fusion equipment. These are not accidental pivots. The company's architecture supports build sizes from hundreds of millimeters to several meters, which covers everything from rocket nozzles to heat exchangers.

The funding gives Xinjinghe room to expand before European and American metal AM incumbents push hard into the same markets. Stratasys, EOS, and Trumpf all have aerospace-focused divisions, but none match Xinjinghe on price for high-volume production parts. Chinese manufacturing scale plus local government backing creates a combination that is difficult for Western equipment makers to counter in the mid-market.

If Xinjinghe executes, Chuzhou will become a meaningful node in the global rocket engine supply chain. If it stumbles, the equipment and talent will not lack for buyers. Either way, China's push to print its way into space is accelerating.