Xiaomi and Huawei invested in a battery supplier company

According to some Chinese media sources, Xiaomi and Huawei are strategically planning to invest in Weilan, a battery supplier from Weilai, China. This supplier of semi-solid batteries has a project of value at 5 billion yuan and the total investment will account for around 500 million yuan, which is a huge amount.

Back in August, Huawei, Xiaomi, and another Chinese company have signed an agreement to invest in Weilan battery supplier and Xiaomi has now entered the delivery stage.

On January 7, Weilan launched a 150-degree semi-solid battery pack. The information shows that Weilan is focusing on the development and production of hybrid solid-liquid electrolyte lithium-ion batteries and all-solid-state lithium batteries.

It is the only industrialization platform for solid-state battery technology in the Clean Energy Laboratory of the Institute of Physics, Chinese Academy of Sciences. The company was founded in 2016 and is headquartered in Beijing. This facility has 3 production bases in Fangshan, Beijing, Liyang, Jiangsu, and Huzhou, Zhejiang.

By March 2021, Xiaomi Group announced to build a car and planning to spend around 10 billion USD to enter this business field. This Chinese tech maker has also confirmed that it’ll launch a new car in the first half of 2024, which is not far away but it would be interesting to see what kind of technology it would bring.

On the other hand, Huawei has already helped industry partners in the Auto business to build new cars with its whole car smart solutions and announced that it will not manufacture any car whatsoever.

(via – Sina Finance)