IM Motors raises $1.1 billion in one of China EV brands' biggest recent deals
IM Motors' Series B round of equity financing was among the biggest investments into Chinese EV brands in the past two years, following Abu Dhabi-based CYVN's combined $3 billion investments into NIO and Stellantis' $1.6 billion purchase of a 21% stake in Leapmotor.
IM Motors, a premium electric vehicle brand of state-owned Chinese automaker SAIC, image credit: Reuters