SAIC's says its EV brand IM Motors secures $1.3 bln in Series B funding

Reuters

2024/12/25

BEIJING, Dec 25 (Reuters) - China's SAIC Motor 600104.SS said on Wednesday its EV brand IM Motors has completed a Series B fundraising round, securing 9.4 billion yuan ($1.3 billion), although details about the investors were not disclosed.

IM Motors will launch two pure electric models and two extended-range models, totalling four new products, in 2025, SAIC said in a statement.

($1 = 7.2988 Chinese yuan renminbi)

(Reporting by Ella Cao and Ryan Woo; Editing by William Mallard)

((Ella.Cao@thomsonreuters.com;))

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Editing by William Mallard)</p><p> ((Ella<a href=\"https://laohu8.com/S/02403\">.C</a>ao@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0028","symbol_name":"國家隊","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241225:nP8N3N30C2:1","article_id":"2494099249","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494099249","pubTimestamp":1735100581,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"SAIC's says its EV brand IM Motors secures $1.3 bln in Series B fundingBEIJING, Dec 25  - China's SAIC Motor 600104.SS said on Wednesday its EV brand IM Motors has completed a Series B fundraising round, securing 9.4 billion yuan , although details about the investors were not disclosed.IM Motors will launch two pure electric models and two extended-range models, totalling four new products, in 2025, SAIC said in a statement.   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