CMG-SDIC Capital Management led a $540m Series A round in SVOLT Energy.

CMG-SDIC Capital Management, an investment company, led a $540m Series A round in SVOLT Energy, a high-tech company. Additional investors included Zju Jiuzhi Investment Management, IDG Capital, HT Capital, Changzhou Venture Capital, Cathay Capital, Beijing Financial Street Capital Operation Center and Bank of China Group Investment. As a global high-tech company, SVOLT is working on the key technologies of electromobility: lithium-ion batteries and complete battery systems