Fund Raising

  • BYD aims to raise .77 billion by issuing 50 million additional shares in Hong Kong BYD

    BYD aims to raise $1.77 billion by issuing 50 million additional shares in Hong Kong

    BYD's offering price offers a discount of about 7 percent to Friday's closing price.

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  • Nio taps China funding channels as its subsidiary issues 1 million in ABS Nio

    Nio taps China funding channels as its subsidiary issues $161 million in ABS

    Nio's finance and leasing subsidiary marked the EV maker's debut in the Chinese capital market with a successful RMB 1.03 billion ABS issuance on the Shanghai Stock Exchange.

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  • Chinese EV startup Neta closes Series D1 funding round of about 5 million Neta

    Chinese EV startup Neta closes Series D1 funding round of about $625 million

    Qihoo 360, China's largest cybersecurity company, led the round with RMB 2 billion.

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  • China's largest cybersecurity firm plans to invest 0 million in EV startup Neta Neta

    China's largest cybersecurity firm plans to invest $450 million in EV startup Neta

    Qihoo 360's stake in Neta will reach 16.59 percent, making it the second-largest shareholder after its management team.

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  • WM Motor expects to raise 0 million in new financing EV Industry

    WM Motor expects to raise $500 million in new financing

    This includes $300 million in Series D1 financing and $200 million in Series D2 financing, which is expected to accelerate the company's overseas IPO.

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  • GM confirms 0 million investment in Chinese self-driving unicorn Momenta American Auto

    GM confirms $300 million investment in Chinese self-driving unicorn Momenta

    Momenta was founded in 2016 and received a $46 million investment led by Nio Capital in 2017.

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  • Nio Capital invests in AR company Nreal EV Industry

    Nio Capital invests in AR company Nreal

    Nio Capital managing partner Zhu Yan said he is bullish on the application of AR/VR glasses in automotive scenarios, especially the new possibilities of combining with in-car entertainment.

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  • Nio-backed self-driving chip maker Black Sesame closes new funding led by Xiaomi-backed fund Nio

    Nio-backed self-driving chip maker Black Sesame closes new funding led by Xiaomi-backed fund

    Black Sesame said the two funding rounds amounted to hundreds of millions of dollars, giving it a valuation of nearly $2 billion.

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  • EV battery maker Farasis Energy plans to raise up to 0 million for new project Battery

    EV battery maker Farasis Energy plans to raise up to $800 million for new project

    The lithium battery project is located in Wuhu City, Anhui Province, and will achieve an annual production capacity of 12 GWh of power batteries when it reaches production.

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  • GM reportedly leads investment in Chinese self-driving unicorn Momenta with 0 million American Auto

    GM reportedly leads investment in Chinese self-driving unicorn Momenta with $400 million

    In 2017, Momenta received a Series B investment of $46 million led by Nio Capital, the venture capital arm of Nio.

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