SVOLT, a battery cell manufacturer, raised ¥6 billion (~$1 billion) in a financing round. The company plans to invest the fresh capital mainly in developing new technologies and constructing new production facilities and R&D centers. This is already SVOLT’s third financing round this year. According to SVOLT, investors such as Sichuan Energy Investment, Han’s Laser Technology, Changzhou Xingyu, and CDH Investments participated in the B+ financing round. However, some state-controlled investors, as well as existing investors, have also participated in the round.