CITIC leads $400 mln round for Microvast Power
Microvast Power System, a subsidiary of Microvast, said April 20 it raised a $400 million funding round led by CITIC Securities. Additional investors include CDH Investment, National Venture Capital, and others. Microvast, of Stafford, Texas and Zhejiang, China, develops and makes fast charging, long-life, and non-flammable lithium-ion battery systems for hybrid and fully electric buses.
20 April 2017•3 mins read
