China energy storage player Weview raises $87m
Weview, a China-based battery manufacturer, has raised a Series A of CNY 600m (USD 87m) led by two state-backed investors - Guohe Xinli, which is a fund under the State Development & Investment Corporation (SDIC) and Zhuhai-based Da Heng Qin Group.
The new capital will go towards the construction of multi-gigawatt-capacity factories in Zhuhai and efforts to further reduce the cost of battery-based energy storage. It follows a CNY 400m round last...
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