Weineng Battery closes Series C equity financing worth nearly CNY 1 billion

On December 26, Wuhan Weineng Battery Asset Co., Ltd. (Weineng Battery), owned by companies including NIO and CATL, closed a Series C equity financing worth nearly CNY 1 billion in total.
On top of an additional investment by the founding shareholders to introduce two new shareholders, Weineng brought in a state-owne....

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