We have successfully completed nearly 1 billion yuan in Series C equity financing.

Weneng announced today that it has completed nearly 1 billion yuan in Series C equity financing. In addition to additional investments from founding shareholders and the introduction of two new shareholders, Haining Economic Development Zone and Chengmai County, Hainan, the company has now introduced a state-owned capital shareholder from Meishan Dongpo District. It is reported that the funds from this round of equity financing will be used for battery asset deployment, industrial achievements transformation, technology research and development investment, and other areas.