Fund Raising
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Nio-backed LiDAR maker Innovusion secures new funding to accelerate delivery for ET7
The capital will be used primarily to support the mass production and delivery of LiDARs for the Nio ET7, as well as Innovusion's innovation programs.
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EV battery maker Svolt closes new round of $1.59 billion financing
Chinese power battery maker Svolt Energy recently announced the completion of a Series B financing round totaling RMB 10.28 billion ($1.59 billion).
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Xpeng, Nio are top NEV firms with highest number of fundings in past 10 years, report says
From 2011 to the first half of 2021, Xpeng's number of financing reached 14, ranking first in Qichacha's top 10 list of new energy vehicle financing in the last decade.
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Self-driving startup CalmCar closes $150 million Series C funding round
CalmCar, a Chinese startup self-driving technology provider, announced on July 22 that it closed a Series C round of funding of approximately $150 million and plans to launch an IPO in 2022.
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Leapmotor closes over $700 million Pre-IPO round of financing
Leapmotor will likely file for an IPO in the second half of this year and is expected to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, in late 2021 or early 2022.
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Xpeng gets nearly HK$2 billion additional capital through over-allotment of shares in Hong Kong
The HKEx has approved the listing of the over-allotted shares and they will be available for trading starting at 9 a.m. on July 19.
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Chinese charging pile operator Teld secures $44 million investment
Teld was priced at RMB 14.6 yuan per share, valuing the company at approximately RMB 13.6 billion after the investment.
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Xpeng plans global offering of 85 million new shares, including 4.25 million in Hong Kong
Xpeng Motors has applied to trade in Hong Kong under the ticker symbol "9868," saying the maximum offer price for the Hong Kong public offering will be HK$180 per share or US$23.19, which is equivalent to US$46.39 per ADS.
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Chinese LiDAR startup Zvision secures Intel investment
Zvision is currently valued at around RMB 1 billion ($155 million), Chedongxi.com said, citing sources familiar with the matter.
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Qualcomm-backed self-driving startup ZongmuTech closes new $190 million funding round, considers A-share listing
This is one of the first investments made by a Xiaomi-backed fund in the smart vehicle industry chain since the smartphone giant officially announced its entry into the car-making field on March 30.
