Chinese electric vehicle (EV) maker CHJ Automotive is seeking to raise $300 million to $500 million in its latest funding round, two people with direct knowledge of the matter said, joining its peers in tapping more investors to finance growth.
CHJ, founded by entrepreneur Li Xiang, sees itself valued at at least $2.5 billion ahead of the new funding round and has hired Goldman Sachs to advise on the fundraising, they said. The bank declined to comment.