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Cavan Auto closes Series Pre-A financing worth over CNY 1.2 billion

According to a Foton Motor press release dated June 30, Beijing Cavan New Energy Vehicle Co., Ltd. (Cavan Auto), a subsidiary, recently released an announcement on the progress of capital increase and share expansion.
Cavan Auto successfully closed a Series Pre-A financing. The total proceeds exceed CNY 1.2 billion, ....

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