GTJAI Led Series B+ Financing Of The LiDAR Manufacturer Innovusion

HONG KONG, Aug 16 (Bernama-BUSINESS WIRE) — Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI”, the “Company” or “Group”, stock code: 1788.HK) announced that the Group successfully led series B+ financing of the global leading LiDAR manufacturer Innovusion recently . Meanwhile, Shunwei Capital was the co-investor of the financing, while its existing investors, including NIO Capital and Temasek, also contributed to the financing. The proceeds will support the mass production and delivery of NIO ET7 LiDAR and self-developed technology innovation project which has been constantly focused and invested by Innovusion.

Ms. Qi Haiying, Executive Director and Deputy Chief Executive Officer of GTJAI, said: “LiDAR plays an important role in the development of new energy vehicle and its auto driving technology. The LiDAR technology passed testing phase will actively promote the rapid development of vehicle electrification and intellectualization and assist in the design and sales of new energy vehicle, forming a virtuous cycle. GTJAI has been devoting efforts in promoting green finance development and supporting real economy. With private equity’s deep understanding of upstream and downstream of new energy vehicle industry, we will fully utilize our advantage in resource and synergy between various business sectors to provide comprehensive support to the client in capital market and jointly boost Chinese smart vehicle and auto driving to the forefront of the world.”

http://mrem.bernama.com/viewsm.php?idm=40768