Industry Information

NextEV Closes A New Round Fundraising

2016-07-06 18:19

Accordingto on July 30, Qin Lihong, Co-founder and CEO of NextEV, affirmedthat the new round fundraising of the company has been closed in the first halfof this year. This round investment was led by Temasek and followed by TPG, HOPU,Lenovo Group, etc. It is reported that the financed amount reaches millions of USdollars and the funds raised will be mainly used for R&D and thepreparation for going public.
QinLihong said that international investors have confidence in the industry of clean energyvehicles and its development in China and also have confidence in the prospect, businessmodel and team of NextEV.
Founded in 2014, Li Bin,Co-founder of NextEV and Chairman of Bitauto, ever said in public occasion that the firstsample car will come into the market at the end of 2017, and the first model ofelectric cars produced in batch will be launched together by NextEV and JAC.NextEV said that type finalization and core suppliers have beenconfirmed.