Fund Raising
Sodium-ion battery startup Zoolnasm secures investment from property developer Country Garden
The importance of developing new, low-cost energy storage devices is becoming increasingly important, and sodium-ion batteries are one of the most logical alternative solutions, said an executive at Country Garden's venture capital arm.
Nio raises $163 million through ABN issuance in China as it further taps its home capital markets
This is Nio's latest move after raising RMB 1 billion in an ABS issue last year, meaning it has established direct access to financing in both China's exchange and interbank markets.
Nio explains why it plans to list in Hong Kong without raising capital
Nio said it currently has sufficient cash reserves and no immediate need to raise capital in the short term, and the move that could help bring in more investors.
Nio-backed self-driving truck startup Inceptio closes $188 million Series B+ funding round
Inceptio will invest more in its in-house developed truck self-driving system "Xuanyuan" and launch more production models with industry partners.
Nio Capital invests in nuclear fusion technology startup
The company, called Energy Singularity, aims to explore commercially viable fusion energy technologies and eventually achieve human energy freedom.
Nio, Xpeng, Li Auto to take stake in battery maker Sunwoda's subsidiary
An affiliate of Li Auto will invest RMB 400 million and a fund related to Nio's William Li will invest RMB 250 million.
Xpeng raises $122 million in China capital market through ABS issuance after Nio
After Nio issued the first ABS for carbon-neutral projects in China at the end of October last year, Xpeng also successfully used this instrument to obtain financing from the Chinese capital market.
Hozon, which owns Neta brand, reportedly closes over RMB 2 billion in new financing
Neta's total financing to date exceeded RMB 14 billion, equivalent to the total financing raised by Nio at the end of 2017.
Nio-backed self-driving trucking service provider Trunk Tech closes Series B funding round
Trunk Tech closed its Series A funding round in October 2018, when Nio Capital was one of the lead investors.
Chinese EV startup founded by former Volkswagen exec reportedly secures RMB 10 billion investment
Binli, founded by former Volkswagen China executive vice president Weiming Soh, recently received a strategic investment from Wuhan-based Changjiang Capital, according to local media.