Fund Raising

NIO Capital leads Series A funding round in local battery recycling firm
Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation. ...
Chinese auto chip maker SemiDrive closes $140 million Series B+ financing
SemiDrive currently has four series of products with an annual output of one million chips. ...
Battery maker Svolt, spun off from Great Wall, files for IPO in China
Svolt Energy plans to raise RMB 15 billion, seeking a valuation of RMB 60 billion. ...
Voyah closes Series A funding at valuation of about $4.2 billion
The latest market capitalization of NIO, XPeng Motors and Li Auto are now $17.8 billion, $6.9 billion and $18.5 billion, respectively. ...
XPeng-backed LiDAR maker Zvision closes Series C funding round
Zvision closes tens of millions of dollars in Series C funding, raising nearly $100 million this year. ...
XPeng's flying car arm secures over $800 million in credit from 4 banks
XPeng Aeroht said the move will increase its confidence in the flying car business and support it to increase capital investment in research and development. ...
XPeng raises $134 million through ABS issuance in Shanghai
This is XPeng's second ABS offering in the domestic capital market, further diversifying its direct financing channels on China's two major exchanges. ...
Geely plans to spin off Zeekr for independent listing
Geely has submitted a proposal to the Hong Kong Stock Exchange to spin off Zeekr for a separate listing, with specific terms, including the location and size of the offering, yet t ...
GAC Aion to file for IPO in China in Q2 next year, report says
GAC Aion is expected to be the first NEV stock on China's Nasdaq-style sci-tech innovation board, also known as the STAR market. ...
GAC Aion closes Series A funding round, valued at over $14 billion
GAC Aion has brought in 53 strategic investors, paving the way for a possible IPO next year. ...