Geely New Energy Commercial Vehicle Group's brand remotely completes Pre-A round of financing

Pinwan, October 26, according to Securities Times, Geely New Energy Commercial Vehicle Group’s brand Longyuan announced the completion of the Pre-A round of financing, with a financing amount exceeding US$300 million. This round of financing was led by Yinshan Capital, a subsidiary of GLP, with participation from Transfar, CITIC Securities Investment, Hunan Xiangtan Industrial Fund, GLy Capital, Mirae Asset, etc. It is reported that 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.