Geely-Powered Mobility-Tech Firm Ecarx Nears Finish Line for U.S. Listing

The London-based smart car technology company with strong connections to China is the latest piece in Geely’s global auto ambitions Key Takeaways: Geely-backed Ecarx says it expects to complete its U.S. SPAC listing by the end of this year, valuing the listed company at about $3.8 billion Founded just five years ago, the smart car technology maker earned $415 million in revenue last year, mostly from Geely and its related companies  By Jose Qian Start your engines: A new “made in China” option for investors looking to tap a developing…

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Svolt Charges Up Global EV Battery Race with $943 Million in New Funding

Latest round brings 3-year-old battery maker’s fundraising this year to $3.1 billion, all from Chinese sources Key points: Svolt Energy has just announced a new 6 billion yuan funding, bringing its total this year to nearly 20 billion yuan State-owned company has raised its target to 600 GWh of capacity by 2025, up sixfold from a 100 GWh target announced just a year ago By Doug Young Watch out world, here comes Svolt. The name may not be familiar to many, but China’s recently minted electric vehicle (EV) battery maker,…

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