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NIO-, CATL-backed Weineng Battery establishes battery technology subsidiary
On October 17, Wuhan Weineng Battery Asset Co., Ltd. (Weineng Battery), a company jointly owned by entities including NIO Holding Ltd. (NIO) and Contemporary Amperex Technology Co., Ltd. (CATL), established a wholly-owned subsidiary named Weineng (Wuhan) Battery Technology Co., Ltd., with a registered capital of CNY ....
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