Chinese EV brand IM Motors announced its signing of a Round-A Equity Financing Agreement, bringing the company’s overall valuation to nearly 30 billion yuan ($4.4 billion).
The financing was led by Bank of Communications Capital Management, an equity investment platform of Bank of Communications Group, and SAIC $SAIC Motor Corporation (600104.SH)$ continued to make additional investments. At the same time, many investment institutions such as ICBC In...