Fund Raising
BYD to raise $5.6 billion in HK by new share placement
The placing price is HK$335.2 per share, a 7.8 percent discount to BYD's closing price of HK$363.6 on March 3 in Hong Kong.
BYD seeks to raise up to $5.2 billion in HK primary placement, report says
BYD is offering 118 million shares at a discount of up to 8.4 percent to Monday's closing price of HK$363.60, according to Bloomberg.
Chery files for HK listing to fund further expansion
In the first three quarters of 2024, Chery achieved a net income of RMB 11.3 billion, up 58.5 percent year-on-year.
HK-listed LiDAR maker RoboSense to issue up to 22 million new shares
RoboSense expects to get up to HK$1 billion from the new share placement, with 70 percent of the money to be used for research and development, with a focus on robotics.
IM Motors closes $1.3 billion in new funding, plans to launch 4 new models in 2025
IM Motors plans to launch two BEV models and two EREV models in 2025, extending its model lineup to the hybrid market for the first time.
Avatr closes $1.5 billion in new funding, targets 2026 IPO
Avatr closed over RMB 11 billion ($1.5 billion) in series C funding, with a goal of going public in 2026.
Deutsche Bank gives positive read on Nio China's new financing
New investment secured by Nio China reduced the immediate share dilution risk of Nio and is positive for Nio's share price, according to Deutsche Bank.
Nio announces $470 million investment in Nio China from strategic investors
Nio China has received a new investment of RMB 3.3 billion from strategic investors in Hefei, and Nio will also invest RMB 10 billion to subscribe for newly issued shares in Nio China.
QCraft revs up its fundraising in autonomous driving race for cash
The maker of self-driving technology solutions recently raised several hundred million yuan in its latest funding round.
Nio's power unit secures 1st external investment of $207 million
Nio Power has secured a RMB 1.5 billion ($207 million) strategic investment, the first external investment the unit has received, to support its continued infrastructure drive.