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09 Jan
08:39

SPIC's Qiyuanxin completes Series B financing round

China State Power Investment Corporation’s (SPIC) battery swapping company Qiyuanxin has recently raised over CNY 1.5 billion ($211m) in a Series B equity financing round, Kallanish learns.  The fundraising attracted government-backed investors including China Power, China’s National Green Development Fund and Wuxi Fund Park. Government-controlled Gree Group’s Zhuhai Gree Financial Investment Management and Infore Holding are also on the lis…
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