Chinese electric vehicle maker Bordrin Motor raised RMB2.5 billion ($361.85 million) in a new round of financing, led by Yin An Capital, an investment vehicle of state-owned Sinochem International Corporation, according to an announcement.
The funding round also saw the participation of the company’s existing investors including Chinese private equity firm CGP Investment and Japanese general trading firm Sumitomo Corporation Equity Asia Limited (SCEA), besides a slew of investment companies.
