China electric car maker Chehejia raises $120m
Chehejia, a Chinese manufacturer of smart electric vehicles, has raised RMB780 million ($120 million) in a Series A round of funding from eight Chinese individual and financial investors.
Leo Group, a Shenzhen-listed machinery maker, led the round with a RMB350 million contribution in exchange for an 11.74% stake in Chehejia, it said in a filing. Other investors include Source Code Capital,...
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