Sequoia China Leads Pre-A Round In Chinese New Energy Carmaker Leapmotor

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Sequoia Capital China has led a Pre-A round in Hangzhou-based Chinese new energy carmaker Leapmotor. Financial details were not disclosed in an announcement made by the two companies on the sidelines of the World Internet Conference in Wuzhen, Zhejiang province.

Leapmotor was established backed by Shenzhen-listed Dahua Technology Co., Ltd., a provider of video surveillance products and services. Sequoia China is the first institutional investor in the company.

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