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.
DealStreetAsia
Chinese battery startup Hithium raises $278m to boost output
Company offers products for utility, commercial and residential users
China's Hithium aims to reach 100 gigawatt-hours of annual production capacity by 2024, up from an estimated 45 GWh now. (Source image from Hithium website)
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