Apart from Xiaomi, other investors include private equity firm Yonghua Capital and state-backed Oriza Holdings Chilye said that the proceeds from the round will be spent on researching and developing high-voltage car battery systems and ramping up manufacturing for commercial products without revealing further details. Headquartered in the eastern city of Suzhou, Chilye said it has secured clients including “multiple mainstream automakers” and will have the production capacity to equip 3 million EVs with its products annually by mid-2022. Read more on Tech Gist Africa: Atommerce wants to scale its mental health platform with $16.7M funding Zomato to Invest $400M...