China’s Leo Group Joins $121M Capital Injection In Electric Vehicle Start-Up

cars-eveeveeShenzhen-listed mini-pumps and garden machines maker Leo Group Co., Ltd. has agreed to join seven other investors to inject RMB780 million (US$121 million) in a smart electric vehicle start-up established by Li Xiang, the founder of New York-listed Autohome Inc. In a securities filing (in Chinese), Leo Group says it will invest RMB350 million to […]

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Read the original article: China Money Network