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UK

Nexeon raises funds from National Wealth Fund to strengthen UK’s battery supply chain

On August 31, Nexeon announced that it has secured backing from the National Wealth Fund. The National Wealth Fund’s commitment of GBP 52.6 million marks the completion of Nexeon’s latest investment round totalling GBP 100 million. Other new investors include the Korea Development Bank and Honda Xcelerator Ventures.
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