Fund Raising
Avatr closes Series A financing, Nio's stake diluted to less than 1%
Avatr Technology, previously known as Changan Nio, closed a new round of financing, increasing Changan's stake and decreasing both CATL's and Nio's shareholdings.
IM Motors closes Series A financing as cumulative deliveries reach 1,051
This is IM Motors' first public financing from other investors, reaching a post-investment valuation of nearly RMB 30 billion ($44).
Jidu said to be seeking $400 million in financing at valuation of about $3.5 billion
The financing would be the latest round for Jidu since late January and could mark the introduction of additional backers besides Baidu and Geely, a Bloomberg report said.
EV battery maker Gotion raises $685 million in Swiss GDR offering
Gotion's GDRs will be officially listed on the SIX Swiss Exchange on July 28 Zurich time.
Nio Capital leads Pre-A round of funding for self-driving sanitation vehicle startup Yunchuang
In November 2021, Yunchuang launched five YC-200 driverless sweepers in Suzhou's Jinji Lake Scenic Spot, saving dozens of laborers.
Nio Capital reportedly leads investment in local computer CPU maker CIX Technology
Nio Capital led a recent funding round of about $50 million in ARM CPU startup CIX Technology, bringing the company's post-investment valuation to about $300 million, according to local media.
BAIC BluePark plans to raise up to $1.2 billion via new share offering
BAIC BluePark said in an earnings preview on Thursday that it expects a net loss of RMB 1.8 billion to RMB 2.2 billion for the first half of the year.
Xpeng Robotics closes over $100 million in Series A funding, expects smart robots to enter households in next two years
Xpeng Robotics, which unveiled its first product last year and brought in an industry veteran, will use its latest financing to ramp up its R&D.
Chinese battery maker Sunwoda plans to issue GDRs and list them in Europe
Sunwoda plans to issue GDRs and have them listed on the SIX Swiss Exchange/London Stock Exchange. In March, Gotion High-tech announced a similar plan.
Li Auto to issue up to $2 billion in additional ADSs, shares down 5% in early trading
Li Auto's move seems to be a preparation for its capital needs in the coming years. As of March 31, it had cash reserves of RMB 51.19 billion