Chinese electric vehicle startup CHJ Automotive today announced the completion of a series B investment round worth RMB30 million, led by MatrixPartners China and New Energy Fund, owned by state-held steel company Shougang Group. Existing investors Yintai Group, Source Code capital, BlueRun Ventures, Future Capital and FunCity Capital also participated in the round. CHJ Automotive also announced a joint-venture deal with China’s largest ride-hailing company Didi Chuxing to customize smart electric vehicles to cater to the shared economy. They will …

Chinese EV Firm CHJ Automotive Secures RMB30M, Teams up with DiDi Chuxing appeared first on China Money Network.


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