Following its NEV debut, Tencent-backed smart vehicle developer ROX Motor raises $1b

Following its NEV debut, Tencent-backed smart vehicle developer ROX Motor raises $1b

In August 2023, ROX Motor introduced its first vehicle model Polestones 01, a hybrid recreational SUV that offers a rear-end compact kitchen. Photo from ROX Motor

ROX Motor, a Chinese intelligent vehicle developer backed by Tencent and Coatue Management, has recently secured a new investment of $1 billion from textile and aluminium manufacturing giant Weiqiao Pioneering Group.

Edited by: Joymitra Rai

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