BEIJING : Baidu's electric vehicle arm Jidu Auto said on Wednesday that it has raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a new funding round.
Jidu, an electric vehicle venture between China's search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced"robot" EVs in 2023.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Swiggy raises $700 million in funding round led by InvescoBENGALURU : SoftBank-backed Indian food delivery firm Swiggy said on Monday it raised $700 million in a funding round led by U.S. investment firm Invesco, as competition intensifies for quick delivery of food and grocery in Asia's third-largest economy.Baron Capital Group, Sumeru Venture, IIFL and Kotak w
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore VC Blockchain Founders Raises $75M for New FundSingapore-based Blockchain Founders Fund has been an early investor in blockchain, crypto, Web 3 and metaverse startups.
Source: YahooSG - 🏆 3. / 71 Read more »
US-based Serbian HTEC Group raises $140 million for global expansionSARAJEVO : Serbia-founded and U.S.-based IT services, consulting and software company HTEC Group said on Tuesday it has secured $140 million from investment firm Brighton Park Capital in a debt-equity deal to accelerate its global expansion.'This is a debt-equity fundraise for a minority stake in the comp
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chinese automaker Changan to list EV unit around 2025 - China Securities JournalSHANGHAI : Chinese state-run automaker Chongqing Changan Automobile plans to list its electric vehicle (EV) unit around 2025, the China Securities Journal said on Tuesday.The unit completed fundraising round B on Monday, said the paper, reaping 5 billion yuan ($789.84 million), 2 billion yuan over its pla
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
LG Energy Solution, GM to build $2.1 billion battery factory in U.SSEOUL : South Korea's LG Energy Solution (LGES) plans to spend $2.1 billion with General Motors to build a U.S. electric vehicle (EV) battery plant, parent firm LG Chem said on Tuesday. LGES and GM are expected to fund the project equally via Ultium Cells, their U.S.-based battery joint venture, for what
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »