Dreame has completed its first round of funding for its EV unit, just two weeks after officially announcing its entry into car-making.
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Category: Fund Raising
The pricing represents an 11 percent discount to Nio ADS's closing price of $6.28 on the previous trading day.
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Nio announced plans to issue 181.8 million class A ordinary shares.
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Hesai plans to raise up to $500 million in its secondary listing in Hong Kong, with shares set to begin trading on September 16.
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Seventy-five percent of the raised funds, or RMB 1.95 billion, will be allocated to developing new EV models and upgrading existing ones.
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China CITIC Bank will grant Xpeng a credit facility of RMB 1 billion ($1.4 billion) to support the company's business operations and development.
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Grab will invest tens of millions of dollars in WeRide, with the transaction expected to close by the first half of 2026.
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Sunwoda is one of China's largest EV battery makers, with clients including Li Auto, Xpeng, Leapmotor, and SAIC.
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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.
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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.
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