Wuhan Weilai Energy completes RMB 670 million Series C financing to accelerate battery technology R&D and service expansion.

Wuhan Weilai Battery Asset Co., Ltd. announced the completion of a RMB 670 million Series C equity financing round. This round of financing was led by additional investment from Weilai's founding shareholders and introduced two state-owned capital shareholders: Haining Economic Development Zone and Hainan Chengmai. The funds raised will primarily be used for investment in battery asset-related businesses and technological research and development.