A Chinese news outlet, ITHome, has reported that Aivita Technologies has secured a massive CNY 11 billion (approximately USD 1.6 billion) Series C funding round. The funding was jointly provided by Changan, Huawei, and Ningde Times. According to an informed source, the trio has been working together to establish Aivita Technologies, with the latest funding round aimed at supporting the company's growth and expansion plans.
The exact details of the funding round, including the exact valuation of Aivita Technologies, remain unclear. However, the involvement of Changan, Huawei, and Ningde Times indicates that the company has secured significant backing from major players in the Chinese tech industry.
As Aivita Technologies continues to grow and expand, it is likely to have a significant impact on the Chinese electric vehicle market, which is one of the world's largest. The company's success will likely be closely watched by investors and observers alike.