WeView Completes Series A Financing, Leading the Way in Scaled Intelligent Manufacturing for Flow Batteries

On March 18, 2023, WeView (纬景储能科技有限公司), a high-tech company focused on intelligent manufacturing of new energy storage batteries, announced the completion of its Series A funding round, raising over RMB 600 million. The round was co-led by Guohe Xinli and Zhuhai Da Hengqin Group. Gaorong Ventures had previously led WeView's Pre-A round in 2022 and participated in subsequent funding rounds.

All proceeds from this round will go toward building multiple gigawatt-capacity "Super G Factories," expanding production capacity for WeView's zinc-iron flow batteries, driving down storage battery costs, contributing to the development of a new-type power system, and accelerating China's dual-carbon goals — creating a future where humanity and nature thrive together.

Founded in 2018, WeView has assembled a team of scientists in electrochemistry, power systems, and mechanical engineering, alongside professionals from intelligent manufacturing and related industries. The company is committed to long-term R&D of new energy storage technologies and intelligent manufacturing of storage batteries to make energy more affordable and accessible.

Drawing on deep expertise in high-tech manufacturing, WeView proactively built out fully digitalized, intelligent production lines. Its first 100-megawatt "flow battery stack intelligent production line" came online in January 2023. This robust digital infrastructure provides a replicable model for rapidly scaling intelligent manufacturing capabilities across multiple WeView "Super G Factories." The company's first gigawatt-capacity "Super G Factory" is scheduled to begin production in mid-2023, a milestone that will usher the flow battery storage industry into a new era of intelligent manufacturing.

WeView Zhuhai "Super G Factory"

Gu Yu, Vice President of WeView, said: "A future where humanity and nature thrive together is the vision WeView has always held. We will manufacture more and better new energy storage batteries to realize our ideal of making energy more affordable, accessible, green, and clean. We are dedicated to advancing the 'dual carbon' strategy and accelerating humanity's transition to a new energy era. Beyond this vision, WeView aims to build a platform where all like-minded talents can apply their skills and collectively create a green, low-carbon, beautiful future."

Liu Lei, Chief Intelligent Manufacturing Officer at WeView, said: "Scaled and intelligent production is the inevitable path for developing the energy storage industry, and a prerequisite for supporting product iteration and continuous cost reduction. WeView's zinc-iron flow battery technology has been validated over decades. Anticipating the urgent need for storage batteries in the energy transition, we began actively deploying multiple 'Super G Factories' two years ago. Through large-scale intelligent production, we aim to continuously reduce battery costs and provide more affordable storage battery products to the market, making energy more accessible."

Flow Battery Stack Intelligent Production Line

Visit WeView's official website to learn more: www.weview.green