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Thunder Power went public via a SPAC merger with Feutune Light Acquisition for $600m.

Synopsis

Thunder Power, a developer of premium passenger EVs, went public via a SPAC merger with Feutune Light Acquisition, a publicly traded special purpose acquisition company, for $600m. “We are delighted by our closing and impending listing on Nasdaq. Our new access to the capital markets will enable the next phase of our vehicle development. Our vehicles, with their innovative design, advanced technology and AI integration, are coming at the perfect time in our focused markets such as Taiwan," Wellen Sham, TPHL Founder.

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