CATL, Nio leasing JV raises $94 million to fund R&D
Weineng Battery Asset, supported by Nio and CATL, secures funding from state-owned investors to boost its battery-swap ecosystem
Weineng Battery Asset, a joint venture between Nio and Contemporary Amperex Technology (CATL), has successfully raised 670 million yuan (about $94 million) to support research and development initiatives and facilitate business expansion.
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