China’s CHJ Automotive raises $474m Series B
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Existing backers Source Code Capital, department store chain Intime Retail Group, BlueRun Ventures, FutureCap, and Funcity Capital also participated in the round. Including its Series A round – which...
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