Fund Raising
Nio-backed AR firm Nreal closes $60 million new funding round led by Alibaba
Nio announced the panoramic digital cockpit PanoCinema when it unveiled the ET5 sedan, and introduced the first AR device built jointly by it and Nreal.
Nio's semi-solid-state battery supplier WeLion reportedly sees valuation soar to about $2.36 billion
WeLion was out of favor with investors just over a year ago, but with Nio Day 2020 putting solid-state batteries in the spotlight, the company's funding environment has turned around.
Self-driving startup Zongmu closes over $157 million in Series E funding
Zongmu will build a campus capable of supplying autonomous driving systems for 2 million vehicles per year in Dongyang, Zhejiang province.
Nio's semi-solid-state battery supplier WeLion secures investments from Xiaomi, Huawei
WeLion's registration information has been changed, with affiliates of Xiaomi and Huawei as new shareholders.
Self-driving startup WeRide reportedly secures $400 million in new funding, bringing valuation to $4.4 billion
The funding environment for self-driving startups is turning cold, local media said.
Nio Capital closes new fund raising of about $400 million
Nio Capital has closed the second tranche of its US dollar fund, Nio Capital Eve ONE Fund II LP, for about $400 million, nearly twice the size of the first tranche.
Xpeng backs VC firm Rockets Capital's inaugural USD fund
Xpeng is a strategic cornerstone funder as Rockets Capital closes its first round of funding for its inaugural US dollar fund, raising more than $200 million.
Solid-state battery startup GTC Power closes over $7.8 million in funding
Founded in 2020, GTC Power provides high energy density products and completed prototyping of 1Ah, 5Ah and 20Ah all-solid-state lithium batteries.
Property developer Country Garden invests in solid-state battery startup Talent
Country Garden's venture capital arm has invested in Chongqing Talent, which is building a 200 MWh automated production line for solid-state lithium batteries in Chongqing.
Nio-backed self-driving startup Pony.ai valued at $8.5 billion in latest funding round
This comes a year after it closed its Series C funding round, and the latest valuation represents an increase of about 65 percent from the previous round.