Fund Raising
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CATL closes $280 million first external funding round for skateboard chassis unit, report says
Following the funding, CAIT-SH is valued at over RMB 10 billion, becoming the first unicorn in the skateboard chassis sector.
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Chinese self-driving startup Momenta seeks funding at valuation exceeding $5 billion, report says
If the funding goes ahead, it could help propel Momenta toward an eventual IPO.
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Chery goes public in biggest auto IPO in Hong Kong this year
Chery's IPO was priced at the upper end of its offering range, raising HK$9.14 billion ($1.18 billion).
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Xpeng raises $100 million through ABS issuance
Xpeng has completed RMB 710 million ($100 million) ABS issuance to supplement working capital and support the development of its leasing business.
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Changan's EV unit Avatr plans to file for Hong Kong IPO in Q4, report says
Avatr may submit its Hong Kong IPO application as early as October and complete the listing by the second quarter of 2026.
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Nio completes share offering, raising $1.16 billion
Nio has completed its latest share offering, with underwriters fully exercising their over-allotment option, raising $1.16 billion.
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Chery plans to open books for its Hong Kong IPO on Sept 17, targeting $18 billion valuation, report says
Chery passed the Hong Kong Stock Exchange's listing hearing on September 7 and is expected to begin trading in Hong Kong later this month.
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Dreame closes 1st funding round for EV business
Dreame has completed its first round of funding for its EV unit, just two weeks after officially announcing its entry into car-making.
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Nio prices $1 billion share offering at $5.57 per ADS, 11% discount to previous close
The pricing represents an 11 percent discount to Nio ADS's closing price of $6.28 on the previous trading day.
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Nio to issue new shares to raise about $1 billion
Nio will raise about $1 billion through the offering to fund R&D and strengthen its balance sheet.
