Able to complete 670 million yuan Series C equity financing.

On November 3rd, Wuhan Wyen Energy Battery Asset Co., Ltd. announced the completion of a 670 million yuan series C round of equity financing. In this round of financing, Wyen Energy's founding shareholders made additional investments, while also introducing two state-owned capital shareholders, Haining Economic Development Zone and Chengmai County, Hainan Province. The financing funds will be mainly used for the investment in battery asset-related businesses, technology research and development iterations, etc.