Lailai invests in nuclear energy start-ups with the goal of commercializing nuclear fusion technology within 20 years.

Thanks to CTOnews.com netizens for their kindness in asking for help, rain and snow, Xiao Zhan cutting, Mr. Aviation's clue delivery! CTOnews.com, May 21 (Xinhua)-- Weilai will become the largest shareholder in NeoFusion, a start-up that develops nuclear fusion technology, according to Reuters. In a reply to Reuters, Weilai said it hoped to promote the research and development and commercialization of nuclear fusion technology through financial investment in the project.

▲ Tuyuan: Weilai energy Reuters reported that Weilai invested 995 million yuan and acquired a 19.9% stake, while its CEO Li Bin controlled an investment of 505 million yuan to get 10.1% of the shares. Together, Weilai co-actors hold a 30 per cent stake in NeoFusion.

NeoFusion was established in April this year, its shareholders include Wanneng shares and Hefei production and Investment, etc., with the goal of commercializing controllable nuclear fusion technology within 20 years. CTOnews.com previously reported that Xilai invested in energy singularity, a nuclear fusion start-up, in 2022.