Fund Raising
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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.
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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.
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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.
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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.
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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.
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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.
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Nio's semi-solid-state battery supplier WeLion closes about $200 million in new funding
Following the completion of the financing, WeLion will further accelerate the construction of its production line and increase its R&D investment.
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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.
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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 to be determined.
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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.
