China's Welion snags $206m in a Series D round to expand its production line

China's Welion snags $206m in a Series D round to expand its production line

Beijing, China. Photo by zhang kaiyv on Unsplash

China’s solid-state lithium battery developer Welion has notched 1.5 billion yuan ($206.1 million) in a Series D round led by Mixed Ownership Reform Fund, a national fund that sets out to support mixed-ownership reforms of state-owned enterprises (SOEs).