Fund Raising
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Charging solutions provider StarCharge mulling HK IPO, report says
StarCharge is considering an IPO in Hong Kong, potentially raising about $500 million and seeking a $5 billion valuation, according to Bloomberg.
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State investors jump on board NEV maker Leapmotor's bandwagon
As the global war for NEV market share intensifies, the company could get an edge through its joint venture with US-European auto giant Stellantis.
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Leapmotor secures $84.3 million strategic investment from local govt funds
This is the latest investment Leapmotor has received after announcing a 1.5 billion euro investment from Stellantis on October 26, with the subscription price a 70 percent premium to its closing price in Hong Kong today.
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Nio announces closing of $2.2 billion investment from CYVN
Nio said it and CYVN, as well as their respective subsidiaries, will continue to work closely together in pursuing strategic and technological collaborations in international markets.
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CYVN to become Nio's largest shareholder, while William Li to retain most voting rights
At the end of February, Li's stake in Nio was 10.5 percent, with 44.2 percent of the voting rights. CYVN will hold a 20.1 percent stake in Nio after its latest investment.
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Nio secures new $2.2 billion investment from Abu Dhabi's CYVN
CYVN will increase its stake in Nio to about 20 percent with its latest investment, after finishing a roughly $1.1 billion investment in July.
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Chinese autonomous driving startup Pony confirms $100 million investment from Saudi Arabia
Pony.ai plans to set up a joint venture with Neom in Northwest Saudi Arabia to provide autonomous driving technology solutions for the region.
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Sunwoda's EV battery business kicks off IPO process in China
Sunwoda is one of the world's largest power battery makers, and its EV battery business was valued at RMB 35.56 billion in its last funding round in June.
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Li Auto terminates $2 billion at-the-market equity offering after raising over $500 million
Li Auto announced last June 28 that it would sell up to a total of $2 billion in ADSs on Nasdaq in an ATM stock offering program.
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Nio says report of $3 billion fundraising plan false
Nio released a statement formally responding to the report, saying it has no reportable capital-raising activity at this time other than the convertible note offering that closed today.
