Chinese EV battery maker plans IPO by 2025

Beijing WeLion New Energy Technology, a Chinese maker of long-range electric vehicle batteries, works on 1,000 kilometre-range batteries. The company supplies the long-range semi-solid state cell to Chinese EV maker Nio. WeLion’s Nio battery has a 150-kilowatt-hour pack, and the 1,000-kilometre range compares favourably with the Lucid Air Dream Edition R (840 kilometers) and Tesla’s Model S (640 kilometers).The cell has an energy density of 360 watt-hours per kilogram