Fund Raising
-
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.
-
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.
-
Leapmotor secures about $1.55 billion credit line from Chinese bank
Leapmotor's overall sales target for 2025 is 800,000 units, the company said previously.
-
Self-driving startup DeepRoute.ai closes $300 million in new funding led by Alibaba
DeepRoute.ai said it closed a $300 million Series B funding round led by Alibaba, making it the first such company in China that the e-commerce giant has invested in.
-
Nio announces plan to issue additional $2 billion ADSs via at-the-market offering
The company plans to use the net proceeds from the offering to further strengthen its balance sheet, as well as for general corporate purposes, Nio said.
-
Geely's ride-hailing arm Cao Cao Mobility raises $590 million in latest funding round
This is the first local equity financing in China's ride-hailing industry in 2021, and is an ice-breaker after the crackdown on Didi Chuxing.
-
Nio-backed smart parking service provider gets investment from Xiaomi
Alpark was founded in 2015 and closed a hundreds-of-millions-of-RMB Series B round of funding led by Nio Capital, Nio's venture capital arm, in 2018.
-
Xiaomi-backed fund invests in EV battery maker Svolt Energy
Svolt Energy added several new shareholders on August 18, including Hubei Xiaomi Changjiang Industry Fund, backed by smartphone giant Xiaomi.
-
Nio Capital-backed digital energy solutions provider NewLink closes $300 million in new financing
Nio Capital, the venture capital business of Nio, first invested in NewLink in 2019 and has participated in a total of three of its financings.
-
Leapmotor announces closing of $690 million in new financing
Hangzhou government fund invested RMB 3 billion and other investors included CICC Capital, according to the announcement.
