HONG KONG -- Chinese battery startup Hithium has raised over 2 billion yuan ($278 million) in a Series B funding round led by ABC International, the investment banking unit of the Agricultural Bank of China (ABC), as it looks to expand its production capacity.
Matrix Partners China, new energy-focused Fenghe Capital, Dayone Capital, Shanghai-listed metal mining business Chengtun Mining Group and a few others joined the round, the company said on Tuesday.
