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06 Jul

Sodium-ion battery firm Shenzhen Weifang Energy completes pre-B financing

Sodium-ion battery firm Shenzhen Weifang Energy announced it has recently completed pre-B financing of “several hundred million of CNY.” The proceeds will be mainly used for operations, research and development, talent introduction, and market expansions. Recently, the company is focusing on launching 10,000-tonne battery material production lines and targeting gigawatt-hour-scale sodium-ion battery cell production capacity, Kallanish learns. The comp…
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