Fund Raising

Xpeng is a strategic cornerstone funder as Rockets Capital closes its first round of funding for its inaugural US dollar fund, raising more than $200 million.

Founded in 2020, GTC Power provides high energy density products and completed prototyping of 1Ah, 5Ah and 20Ah all-solid-state lithium batteries.

Country Garden's venture capital arm has invested in Chongqing Talent, which is building a 200 MWh automated production line for solid-state lithium batteries in Chongqing.

This comes a year after it closed its Series C funding round, and the latest valuation represents an increase of about 65 percent from the previous round.

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.

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 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.

Inceptio will invest more in its in-house developed truck self-driving system "Xuanyuan" and launch more production models with industry partners.

The company, called Energy Singularity, aims to explore commercially viable fusion energy technologies and eventually achieve human energy freedom.

An affiliate of Li Auto will invest RMB 400 million and a fund related to Nio's William Li will invest RMB 250 million.