Phylion Battery has raised Rmb922 million ($135 million) in a round of private funding that it hopes will facilitate an eventual listing
In a filing on Tuesday, the Chinese electric vehicle battery maker gave no indication of its new valuation as it name-checked Yingke PE, two Haitong-linked firms, National Power Investment Group and Boxin Capital among its investors
But it had a pre-investment valuation of $583 million after trying to sell a 78% stake last year to Beijing Vantone Real Estate for $470 million That deal eventually fell through
“The $583 million valuation for Phylion is not cheap,” Lu Mi, professor of lithium battery in Xiamen...
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