Guangzhou Juwan Technology Research completed its A round of financing to accelerate the promotion of XFC ultra-fast batteries

Guangzhou Juwan Technology Research Co., Ltd. successfully completed its Series A financing, raising nearly 1 billion yuan. This round of financing attracted a number of well-known domestic investment institutions and received additional investment from old shareholders. The funds will be used to strengthen the research and development of XFC ultra-fast charging technology, increase the production capacity of XFC ultra-fast batteries, and promote the popularization of the XFC super-charging ecosystem. It is expected that by 2023, the company will add 8GWh XFC ultra-fast battery production capacity, which can provide support for 120,000 new energy vehicles. Juwan Technology Research will take the Greater Bay Area as a starting point, integrate industrial resources, and help promote the XFC ecosystem.