Fund Raising
Chinese Lithium giant Tianqi reportedly mulling stake in Mercedes-Geely JV Smart
Smart delivered 4,390 vehicles in China in April, down 25.73 percent from 5,911 units in March.
Nio Capital invests in Chinese SiC chip maker
Qingchun was founded in March 2021, and the core team members have been involved in SiC semiconductor technology for over 20 years, according to Nio Capital.
Financially troubled Enovate reportedly close to getting life-saving money
Enovate has already owed its employees two months of salary arrears and its factory in Changsha, Hunan province, has shut down production this year, according to local media.
Nio Capital's portfolio firm Standard Robots closes new financing
Standard Robots aims to use driverless, robotics and artificial intelligence technologies to create efficient and flexible logistics solutions to help manufacturing companies improve productivity.
Nio Capital invests in electric commercial vehicle maker Newrizon
Newrizon was founded in September 2020 by former Nio senior vice president Huang Chendong.
Zeekr secures $750 million in Series A funding, bringing valuation to $13 billion
Zeekr filed a draft registration statement for a potential IPO with the SEC on December 7 on a confidential basis.
Nio Capital leads Series A funding round in local battery recycling firm
Ruilong was founded in 2016 and has four recycling plants, three of which are already in operation.
Chinese auto chip maker SemiDrive closes $140 million Series B+ financing
SemiDrive currently has four series of products with an annual output of one million chips.
Battery maker Svolt, spun off from Great Wall, files for IPO in China
Svolt Energy plans to raise RMB 15 billion, seeking a valuation of RMB 60 billion.
Voyah closes Series A funding at valuation of about $4.2 billion
The latest market capitalization of Nio, Xpeng Motors and Li Auto are now $17.8 billion, $6.9 billion and $18.5 billion, respectively.