Get an advance payment of about 1.05 billion from Mercedes-Benz. 2025 Funeng Technology Power Battery capacity may exceed 120GWh._SMM
[about 1.05 billion advance payment by Mercedes-Benz 2025 Funeng Technology Power Battery capacity or Super 120GWh] Funeng Technology (Zhenjiang) Co., Ltd., a wholly-owned subsidiary of Funeng Technology, intends to sign a "Supplemental Agreement for Multi-year supply Agreement" with Mercedes-Benz AG (Mercedes-Benz), which stipulates that Mercedes-Benz AG will pay Funeng Zhenjiang an advance payment of approximately RMB 1.05 billion.
United States Great Wall China General Funeng Zhenjiang Renault Jiangling Mercedes Benz Geely Technology
Source: metal.com