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On November 3, 2025, Wuhan Weineng Battery Asset Co., Ltd. made a public announcement, revealing the successful closure of its Series C equity financing round, which amassed a substantial RMB 670 million. In this financing endeavor, not only did the founding shareholders continue to show their unwavering support by making additional investments, but the company also welcomed two new state-owned capital shareholders on board: Haining Economic Development Zone and Hainan Chengmai. The inflow of these funds will be predominantly channeled into the strategic deployment of battery asset-related businesses, as well as driving forward the continuous iteration and innovation in technology research and development, in line with international business norms and the company's long-term growth strategy.
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