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21 Nov
15:39

China's Aerospace Powercell completes series A financing

Chinese battery firm Aerospace Powercell has recently completed a series A equity financing, raising about CNY 1 billion ($140 million) to scale up the development of lithium batteries for commercial vehicles, Kallanish learns. This round of financing was led by Anshu Capital, with participation from Hailan Capital and Origin Fund. The company mainly focuses on R&D and production of big cylindrical lithium iron phosphate (LFP) battery cells. T…
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