China Tech Digest: Xiaomi, Huawei Co-invest In Battery Manufacturer; Tencent Leads Issue Of First International "Zero Trust" Standard

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Xiaomi and Huawei co-invest in battery manufacturer

Beijing WeLion New Energy Technology Co., Ltd., NIO’s semi-solid battery supplier, will raise about RMB500 million from Xiaomi Inc. and Huawei Technologies. According to sources, Huawei, Xiaomi and Shunwei Capital have signed an agreement on the investment in August.

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