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IM Motors raises $1.1bn in one of China EV brands’ biggest deals – Nikkei Asia

IM Motors raises $1.1bn in one of China EV brands’ biggest deals – Nikkei Asia

BEIJING (Reuters) — IM Motors, a premium electric vehicle brand of state-owned Chinese automaker SAIC, said on Friday it has raised more than 8 billion yuan ($1.1 billion) to work on new smart car models and technologies.IM Motors’ Series B round of equity financing… 

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