Shanghai Qiyuan Chip Power completes RMB 1.5 billion Series B financing

Shanghai Qiyuan Power recently announced the completion of a RMB 1.5 billion Series B financing. The financing attracted the participation of many companies, including China Power and the National Green Development Fund. Qiyuan Power was established in 2020 and focuses on the field of "green electric transportation". It currently occupies 80% of the domestic market share.