CH-AUTO went public via a SPAC merger with Mountain Crest Acquisition IV in a $2.7bn deal.

CH-AUTO, an electric vehicle manufacturing and design service company, went public via a SPAC merger with Mountain Crest Acquisition IV, a blank check company, in a $2.7bn deal. “I am thrilled to see the successful completion of another business combination of the Mountain Crest franchise, and CH Auto, as one of the first EV automakers in China with proven technology breakthroughs and manufacturing expertise, is tackling an important mission to deliver innovation and growth in electric mobility,” Suying Liu, Mountain Crest Chairman, CEO and CFO.