Announced
Completed
Financials
Sources
Tags
Private
Automobiles
Friendly
Completed
automobile manufacturer
Minority
China
Private Equity
electric vehicles
Acquisition
Domestic
Venture Capital
Synopsis
Hefei municipal government led a $663m Series B funding round in Leapmotor, an automobile manufacturer. The round was joined by SDIC Chuangyi, ZJU Jiuzhi Investment Management and Yonghua Capital. The funds raised will mainly go towards research and development, sales channel expansion and brand promotion.
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