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CATL Joins Partner Nio in Betting on Nuclear Fusion
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CATL Joins Partner Nio in Betting on Nuclear Fusion
CATL‘s move into nuclear fusion has aligned the world’s largest battery maker with one of its closest EV partners, Nio, which placed its own bet on the technology three years ago. The battery giant led a seed round worth several hundred million yuan in the startup Beta Fusion, STAR Market Daily reported, citing people familiar with the matter. The deal is CATL‘s first investment in controlled nuclear fusion, and the size of the round and the bat…
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