Xiaomi and Huawei to Invest in NIO Battery Supplier Welion New Energy, Sources Say

(Source: NIO)

Jiangsu Welion New Energy, a semisolid-state battery supplier of Chinese electric vehicle firm NIO, will receive investment from strategic institutions such as Xiaomi and Huawei, according to 36Kr. The project is valued at 5 billion yuan ($782.5 million), with an investment of about 500 million yuan. As of the afternoon of November 26, the …