Chinese EV maker Lixiang raises $530m Series C funding led by Meituan founder

Chinese EV maker Lixiang raises $530m Series C funding led by Meituan founder

Chinese electric vehicle producer Lixiang Automotive, formerly CHJ Automotive, has banked a $530-million Series C funding at a post-investment valuation of $2.93 billion, its early backer Plum Ventures said in an announcement.