China's lithium-ion battery maker Libode closes $375m ahead of planned IPO

China's lithium-ion battery maker Libode closes $375m ahead of planned IPO

Source: Libode New Material Co Ltd

Libode New Material Co Ltd, a Chinese manufacturer of lithium-ion battery cathode materials, has raised 2.578 billion yuan ($375.2 million) in a Series B round of financing, as the firm looks to speed up its initial public offering (IPO) plan.

Edited by: Joymitra Rai