Mixed Ownership Reform Fund led a $206m Sereis D funding round in WeLion.

Mixed Ownership Reform Fund, a national fund that sets out to support mixed-ownership reforms of state-owned enterprises, led a $206m Sereis D funding round in WeLion, a solid-state lithium battery developer, with participation from CSC Financial, SDIC Chuangyi Industry Fund Management, China Merchants Capital, Hermitage Capital, DYEE Capital, Hidden Hill Capital, Yunhe Partners, Huzhou Jingkai Investment Development Group and Zibo Jingneng. "Leading enterprises in the industry will achieve large-scale mass production in the short term and ship to many strategic customers. Welion New Energy's planning and layout in the field of solid-state batteries is in line with my country's 'dual-carbon strategy', 'new Energy Vehicle Development Plan', 'New Energy Storage Development Implementation Plan' and other strategic goals, the mixed-ownership reform fund is willing to support Weilan New Energy for a long time, and promote the development of carbon neutrality, new energy vehicles and energy storage and other related industries and fields," Mixed Ownership Reform Fund.