QingTao Energy Development closes Series E+ round led by SAIC

Qingtao Energy Development recently announced that it has completed its Series E+ round of financing. This round was led by SAIC Motor, and joined by Kunshan Guochuang Investment Group.

Qingtao Energy Development recently announced that it has completed its Series E+ round of financing. This round was led by SAIC Motor, and joined by Kunshan Guochuang Investment Group.

After completing this round of financing, Qingtao Energy Development will further strengthen the deep integration with the new energy vehicle industry and advance the full industrialization of solid-state battery technology.

In December 2019, Qingtao Energy Development had closed its Series E round led by Beijing Automotive Group Industrial Investment, with participation from Kunshan Guoke Venture Capital, FreesFund, among others.

Notably, Qingtao Energy Development and Zhejiang Hozon Auto held a strategic cooperation signing ceremony in Jiangxi Province on June 7.

The two parties will take the promotion of solid-state power battery vehicle applications as the core principle, aiming to give full play to the potential of solid-state power battery technology, accelerate the validation and testing of solid-state power battery vehicles, and jointly promote and lead the development of the industry.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/03/qingtao-energy-development-closes-series-e-round-led-by-saic/.

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