Chinese batteries

Phylion Battery secures $136 million in pre-IPO funding

The lithium-ion battery maker and scooter specialist is hoping to use the deal as a springboard for an IPO, possibly on Shanghai's looming new tech innovation board.

Phylion Battery has raised Rmb922 million ($135 million) in a round of private funding that it hopes will facilitate an eventual listing.

¬ Haymarket Media Limited. All rights reserved.

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