Lixiang Automotive Raises USD530 Million in Series C Round Led by Xing Wang
Source(s): Asian Venture Capital Journal, DEALSTREETASIA | Author(s): Tim Burroughs, Nguyen Thi Bich Ngoc
China-based electric vehicle producer Lixiang Automotive has secured USD530 million in a Series C funding round led by Meituan-Dianping founder and CEO Xing Wang, with participation from Source Code Capital, Intime Retail Group, BlueRun Venture, FutureCap, and Funcity Capital. The deal reportedly values Lixiang at USD2.9 billion.