Fund Raising

China CITIC Bank will grant Xpeng a credit facility of RMB 10 billion ($1.4 billion) to support the company's business operations and development.

Grab will invest tens of millions of dollars in WeRide, with the transaction expected to close by the first half of 2026.

Sunwoda is one of China's largest EV battery makers, with clients including Li Auto, Xpeng, Leapmotor, and SAIC.

CATL's skateboard chassis business recently launched the financing for RMB 2 billion ($280 million), with a pre-investment valuation of about RMB 9 billion.

Zeron today announced that it has completed a Series A financing round worth RMB 500 million ($70 million), with Momenta as one of the three lead investors.

Mirattery said one of its founding shareholders, Hubei Science Technology Investment, has increased bet in its Series C round of financing.

Xpeng Aeroht has completed a $250 million Series B financing round to accelerate the mass production of its Land Aircraft Carrier modular flying car.

Eve Energy plans to use the proceeds for its Hungarian production base and the third phase of its Malaysian production base.

WeRide is one of China's earliest companies focused on smart driving solutions, and went public on the Nasdaq in October 2024.

Du Chao, a Wall Street banker with extensive experience in overseas IPO financing, has joined Xpeng Aeroht.