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27 Nov
09:43

Sodium battery company Wuhan Qina closes pre-A+ financing

Sodium-ion battery cathode material company Wuhan Qina New Energy Technology recently received pre-A+ round of financing to support its production expansion, Kallanish learns. The company says it raised nearly CNY 100 million ($14m). It plans to use the funds for the construction of mass production lines of “ten thousand-level-tonne capacity.” This round of financing is led by Sparkedge Capital, with China Merchants Venture also increasing its stake.…
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