Chinese EV battery maker SVOLT scores $943m in its third big fundraising this year

Chinese EV battery maker SVOLT scores $943m in its third big fundraising this year

Source: CHUTTERSNAP/Unsplash

SVOLT Energy Technology, an electric vehicle (EV) battery maker and storage solutions provider, has raised 6 billion yuan ($942.8 million) in its third big-ticket fundraising of 2021. The latest round is yet another sign of the heightened interest in China’s rapidly growing EV infrastructure sector.

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