Fund Raising
Xpeng-backed LiDAR maker Zvision closes Series C funding round
Zvision closes tens of millions of dollars in Series C funding, raising nearly $100 million this year.
Xpeng's flying car arm secures over $800 million in credit from 4 banks
Xpeng Aeroht said the move will increase its confidence in the flying car business and support it to increase capital investment in research and development.
Nio's semi-solid-state battery supplier WeLion closes about $200 million in new funding
Following the completion of the financing, WeLion will further accelerate the construction of its production line and increase its R&D investment.
Xpeng raises $134 million through ABS issuance in Shanghai
This is Xpeng's second ABS offering in the domestic capital market, further diversifying its direct financing channels on China's two major exchanges.
Geely plans to spin off Zeekr for independent listing
Geely has submitted a proposal to the Hong Kong Stock Exchange to spin off Zeekr for a separate listing, with specific terms, including the location and size of the offering, yet to be determined.
GAC Aion to file for IPO in China in Q2 next year, report says
GAC Aion is expected to be the first NEV stock on China's Nasdaq-style sci-tech innovation board, also known as the STAR market.
GAC Aion closes Series A funding round, valued at over $14 billion
GAC Aion has brought in 53 strategic investors, paving the way for a possible IPO next year.
Chinese self-driving chipmaker Horizon Robotics secures investment from Chery
Chery is planning at least five models with L2+ assisted driving capabilities based on its E0X platform, which will use Horizon Robotics' Journey 3 chip as the computing cornerstone.
Zeekr reportedly considering IPO in US or Hong Kong
Zeekr is considering an IPO and has sought proposals from investment banks, according to Bloomberg.
Sunwoda's EV battery unit reportedly closes $1.18 billion in new financing
The latest financing brings Sunwoda EVB's valuation to about RMB 30 billion and takes it one step closer to a spin-off IPO.