Yuanyuan Automobile is a brand of new energy commercial vehicles under Geely. The company focuses on the R&D and manufacturing of commercial vehicles in the field of new energy. Recently, Yuanyuan Auto completed the Pre-A round of financing, and the financing amount exceeded 300 million US dollars. This round of financing was led by GLP’s Hidden Mountain Capital, with investors including Transfar, CITIC Securities Investment, Hunan Xiangtan Industrial Fund, GLy Capital, Mirae Asset and many other strategic investors and well-known investment institutions. This round of financing will be mainly used for R&D investment and market ecological construction, further consolidating and enhancing Long-range’s leading position in the new energy commercial vehicle market.
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