Shougang Fund

  • Lixiang Automotive reportedly to receive US$500 million in Series D financing

    On June 24, according to a LatePost report, electric carmaker Lixiang Automotive is about to receive $550 million in Series D financing, of which Meituan will invest $500 million.
    In the report, Lixiang Automotive founder Li Xiang will invest 30 million of the remaining $50 million. The company’s post-investment valuation is $4.05 billion. The transaction is currently in progress.