Fund Raising

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.

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 has brought in 53 strategic investors, paving the way for a possible IPO next year.

Chery is planning at least five models with L2+ assisted driving capabilities based on its E0X platform, which will use Horizon Robotics' Journey 3 chip as the computing cornerstone.

Zeekr is considering an IPO and has sought proposals from investment banks, according to Bloomberg.

The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO.

Avatr Technology, previously known as Changan Nio, closed a new round of financing, increasing Changan's stake and decreasing both CATL's and Nio's shareholdings.

This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44).

The financing would be the latest round for Jidu since late January and could mark the introduction of additional backers besides Baidu and Geely, a Bloomberg report said.

Gotion's GDRs will be officially listed on the SIX Swiss Exchange on July 28 Zurich time.