Fund Raising

Great Wall-backed autonomous driving startup Haomo raises over RMB 100 million in new funding round

Haomo's new funding is the first in the autonomous driving space after China’s Lunar New Year holiday, and one of the few large amounts raised in the space during the capital winte ...

Nio Capital closes over RMB 3 billion in new fundraising

Since its inception in 2016, Nio Capital has raised five funds, including three US dollar funds and two RMB funds, with a total management scale of RMB 15 billion. ...

Charging solutions provider StarCharge mulling HK IPO, report says

StarCharge is considering an IPO in Hong Kong, potentially raising about $500 million and seeking a $5 billion valuation, according to Bloomberg. ...

State investors jump on board NEV maker Leapmotor's bandwagon

As the global war for NEV market share intensifies, the company could get an edge through its joint venture with US-European auto giant Stellantis. ...

Leapmotor secures $84.3 million strategic investment from local govt funds

This is the latest investment Leapmotor has received after announcing a 1.5 billion euro investment from Stellantis on October 26, with the subscription price a 70 percent premium ...

Nio announces closing of $2.2 billion investment from CYVN

Nio said it and CYVN, as well as their respective subsidiaries, will continue to work closely together in pursuing strategic and technological collaborations in international marke ...

CYVN to become Nio's largest shareholder, while William Li to retain most voting rights

At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment. ...

Nio secures new $2.2 billion investment from Abu Dhabi's CYVN

CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July. ...

Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia

Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region. ...

Sunwoda's EV battery business kicks off IPO process in China

Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June. ...
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