Plus-code power battery service Wuhan Weineng plans to build a full-cycle battery general technology research institute with a total investment of 100 million yuan.

Recently, Wuhan Weineng Battery Asset Co., Ltd. (referred to as "Wuhan Weineng") signed into Wuhan Hi-Tech dual-carbon Industry demonstration Zone. Lu Ronghua, general manager of the company, said that Wuhan Suneng plans to invest about 100 million yuan to build a battery full-cycle general technology research institute in Optical Valley, build a power battery recycling system, improve and improve battery material related characteristics evaluation and battery environment reliability verification comprehensive technical capabilities.

It is reported that Wuhan Weineng is the world's first digital battery asset operation company jointly built by Xilai Automobile and Ningde Times, providing power battery services for new energy vehicle owners through cross-border innovation in finance, data and battery technology.

It is worth noting that on September 8 this year, Wuhan Weineng has joined hands with China Automotive Research Automobile Inspection Center (Wuhan) to reach a long-term strategic cooperation on battery full-cycle management technology, battery value mining technology and in-depth research. This time, Wuhan Suneng will take another solid step on the way of comprehensively carrying out the research and development of battery full-cycle management technology.

In addition, in terms of capital, on August 13, Wuhan Weineng completed hundreds of millions of yuan of round B financing, and this round of financing has won the support of many investors, including the continuous investment of the old shareholder Weilai, Guotai Junan International, and Skyline Capital, as well as the investment support of the old investment institution Paradise Silicon Valley, Xiamen International Trade, which focuses on emerging industries, and the Yangtze River Optical Valley New Energy Fund and other new investors. The funds will mainly be used for the sustained and rapid growth of BaaS battery rental services, as well as the development of innovative projects related to battery technology. Over the past year, the company has accumulated a total financing amount of nearly 2 billion yuan.

According to reports, BaaS battery rental service is one of the core products of Wuhan Weineng. The main purpose of the product is to make full use of the battery replaceable design of car customers and the formed national exchange power station network system to provide end users with a "rechargeable and upgradable" battery service mode. it has vigorously promoted the vigorous development of the new energy vehicle market.