Chinese EV battery maker raises $120m in pre-IPO round
Phylion Battery, a China-based manufacturer or lithium-ion batteries used in electric vehicles (EV), has raised RMB810 million ($120 million) in a pre-IPO round led by Yingke Private Equity.
The company's products are mainly used in EVs, hybrids, and light EVs such as e-bikes and scooters, as well as for energy storage. It claims to have provided batteries for 45,000 vehicles in 2018. Phylion...
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