Self-driving startup WeRide reportedly secures $400 million in new funding, bringing valuation to $4.4 billion
The funding environment for self-driving startups is turning cold, local media said.
Nio Capital closes new fund raising of about $400 million
Nio Capital has closed the second tranche of its US dollar fund, Nio Capital Eve ONE Fund II LP, for about $400 million, nearly twice the size…
Xpeng backs VC firm Rockets Capital’s inaugural USD fund
Xpeng is a strategic cornerstone funder as Rockets Capital closes its first round of funding for its inaugural US dollar fund, raising more…
Solid-state battery startup GTC Power closes over $7.8 million in funding
Founded in 2020, GTC Power provides high energy density products and completed prototyping of 1Ah, 5Ah and 20Ah all-solid-state lithium batteries.
Property developer Country Garden invests in solid-state battery startup Talent
Country Garden's venture capital arm has invested in Chongqing Talent, which is building a 200 MWh automated production line for solid-state…
Nio-backed self-driving startup Pony.ai valued at $8.5 billion in latest funding round
This comes a year after it closed its Series C funding round, and the latest valuation represents an increase of about 65 percent from the…
Sodium-ion battery startup Zoolnasm secures investment from property developer Country Garden
The importance of developing new, low-cost energy storage devices is becoming increasingly important, and sodium-ion batteries are one of the…
Nio raises $163 million through ABN issuance in China as it further taps its home capital markets
This is Nio's latest move after raising RMB 1 billion in an ABS issue last year, meaning it has established direct access to financing in both…
Nio explains why it plans to list in Hong Kong without raising capital
Nio said it currently has sufficient cash reserves and no immediate need to raise capital in the short term, and the move that could help…
Nio-backed self-driving truck startup Inceptio closes $188 million Series B+ funding round
Inceptio will invest more in its in-house developed truck self-driving system "Xuanyuan" and launch more production models with industry partners.