Chinese commercial NEV maker Derry Auto closes nearly $100m Series B round

Chinese commercial NEV maker Derry Auto closes nearly $100m Series B round

Derry Auto is headquartered in Anyang City in central China's Henan Province. Photo from Derry Auto's website

Henan Derry New Energy Automobile, a Chinese maker of commercial new energy vehicles (NEVs), has secured 700 million yuan ($97.7 million) in a Series B funding round to finance its product development and market promotion, it announced on Wednesday.

Edited by: Pramod Mathew