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Weineng Battery secures nearly CNY 2 billion from Series C financing

On February 13, Wuhan Weineng Battery Asset Co., Ltd. (Weineng Battery), owned by companies including NIO and CATL, closed a Series C3 equity financing worth CNY 1 billion and brought in two new key shareholders from Hefei.
This raised the total proceeds from Weineng Battery’s Series C financing to nearly CNY 2 billi....

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