Chinese automaker Geely unit Xiaolinggou closes $97m in Series A round

Chinese automaker Geely unit Xiaolinggou closes $97m in Series A round

A Xiaolinggou New Energy Vehicle (NEV). Source: Xiaolinggou

Xiaolinggou, a new energy vehicle (NEV) rental unit of Chinese automaker Geely, has closed nearly 688 million yuan ($97 million) in a Series A round of financing as the parent company ramps up efforts to adopt a new rental model amid continued decline in China’s NEV sales since late 2019.

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