China Development Fund and Jiangsu Jiequan led a CNY1.37b (~USD196m) Series B for Horizon New Energy Technology, a China-based manufacturer of lithium-ion battery separators, at a reported USD1b valuation with participation from China Structural Reform Fund, GF Qianhe Investment, CoStone Capital, Industrial Securities and CCB Principal Asset Management, and follow-on from Changchai. Read more here and here