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SAIC Motor’s mobility brand receives over CNY 0.3 billion investment from Alibaba Group and CATL
On December 21, SAIC Motor Corporation Limited (SAIC Motor) announced that its strategic mobility brand “Xiangdao Chuxing” recently raised a total investment of over CNY 0.3 billion from the Chinese e-commerce giant Alibaba Group and Contemporary Amperex Technology Co., Ltd. (CATL) in series A financing. Alibaba Grou....
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